Common use of No Conflicts or Impediments Clause in Contracts

No Conflicts or Impediments. The consummation of the transaction contemplated by this Agreement (i) does not require the approval, authorization, consent or other action by, or filing with, any governmental authority, administrative agency, court or other party; (ii) will not breach, violate or conflict with any material agreement or instrument to which either the executing party or the Assets being transferred by the executing party is subject, including without limitation covenants imposed on the executing party by any bank or other financial institution, lender or debtholder and other terms, provisions or conditions of the Certificate of Incorporation, By-Laws or applicable shareholder agreement of the party; and (iii) does not violate any judgment, decree, law, rule or regulation of any governmental authority or administrative agency, in the case of each clause (i), (ii) and (iii), in a manner that would adversely affect the transaction.