No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational documents of Acquisition or any subsidiary, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition or such subsidiary is a party or by which Acquisition or such subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien upon any of the assets of any subsidiary, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary is a party or by which any subsidiary or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.
Appears in 3 contracts
Sources: Share Exchange Agreement (Alec Bradley Cigar Corp/Fl), Share Exchange Agreement (Cataldo William A), Share Exchange Agreement (Online Vacation Center Holdings Corp)
No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition TRBT and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition TRBT or any subsidiaryof its subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition TRBT or such subsidiary any of its subsidiaries is a party or by which Acquisition TRBT or such subsidiary any of its subsidiaries or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of TRBT or any subsidiaryof its subsidiaries, or (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary TRBT is a party or by which any subsidiary TRBT or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary TRBT is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.
Appears in 2 contracts
Sources: Share Exchange Agreement (China Growth Development, Inc.), Share Exchange Agreement (Teeka Tan Products, Inc.)
No Conflicts or Defaults. The execution and delivery of this Exchange Agreement by Acquisition the Vendor and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition or any subsidiarythe Vendor, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition or such subsidiary the Vendor is a party or by which Acquisition or such subsidiary the Vendor or any of their its respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary the Vendor or any of their its respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of any subsidiarythe Vendor, or including its interest in Megabase, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary Vendor or Megabase is a party or by which any subsidiary the Vendor or Megabase or any of its their respective assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary the Vendor or Megabase is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.
Appears in 1 contract
No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition Times and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational governing documents of Acquisition Times or any subsidiaryof the Subsidiaries, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition Times or such subsidiary any of the Subsidiaries is a party or by which Acquisition Times or such subsidiary any of the Subsidiaries or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which Acquisition, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien lien upon any of the assets of Times or any subsidiaryof the Subsidiaries, or (iii) terminate or give any party parry the right to terminate, amend, abandon or refuse to perform, perform any material agreement, arrangement or commitment to which any subsidiary Times is a party or by which any subsidiary Times or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary Times is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.
Appears in 1 contract
No Conflicts or Defaults. The execution and delivery of this Agreement by Acquisition AAG and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the organizational documents of Acquisition AAG or any subsidiary, or (b) with or without the giving of notice or the passage of time, (i) violate, conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which Acquisition AAG or such subsidiary is a party or by which Acquisition AAG or such subsidiary or any of their respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which AcquisitionAAG, such subsidiary or any of their respective assets are subject, (ii) result in the creation of, or give any party the right to create, any Lien upon any of the assets of any subsidiary, or (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which any subsidiary is a party or by which any subsidiary or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify, the time within which, or the terms under which any subsidiary is to perform any duties or obligations or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.
Appears in 1 contract
Sources: Share Exchange Agreement (Associated Automotive Group Inc)