Violations or Defaults Clause Samples

The Violations or Defaults clause defines the circumstances under which a party is considered to have failed to meet its contractual obligations. Typically, this clause outlines specific actions or omissions that constitute a breach, such as missing payments, failing to deliver goods or services, or not adhering to agreed timelines. It may also describe the process for notifying the defaulting party and any grace periods for remedying the breach. The core function of this clause is to clearly identify what constitutes a default, thereby providing a basis for enforcing remedies or terminating the agreement if obligations are not met.
Violations or Defaults. The execution, delivery and performance by the VEBA of this Agreement, and the consummation by the VEBA of the transactions contemplated hereby, do not and will not conflict with, or result in a breach or violation of or default under, any applicable law, its constituent documents or any note, indenture, deed of trust, contract, agreement or instrument to which the VEBA (or any of its properties) is a party or is otherwise subject.
View SourceView Similar (2)
Violations or Defaults. The execution, delivery and performance by the Company of this Agreement, and the consummation by it of the transactions contemplated thereby, do not and will not conflict with, or result in a breach or violation of or default under, any applicable law, its constituent documents, including the LLC Agreement or any note, indenture, deed of trust, contract, agreement or instrument to which the Company (or any of its properties) is a party or is otherwise subject.
View SourceView Similar (2)
Violations or Defaults. None of the Corporations is, nor has received notice of any allegation that it is, in material violation of or in material default under any charter, by-law, mortgage, lease, agreement or instrument or any judgment, decree, order, decision, ruling or tariff or any statute, rule or regulation. The execution, delivery and performance of this Agreement will not result in any violation of, default under or conflict with any of the foregoing and none of the foregoing provides for termination, variation or penalty by reason of any change in the ownership or control of the shares of any of the Corporations or requires the consent of any person to such change in ownership or control.
View SourceView Similar (2)
Violations or Defaults. Neither the execution, delivery or performance by Seller of this Agreement nor the consummation of the transactions contemplated hereby will contravene, conflict with, or result in a breach or violation of or default under, any currently existing law applicable to Seller, the organizational documents of Seller, or any agreement, judgment, injunction, order, decree, indenture or instrument binding upon Seller, specifically including the DO Fund Purchase Agreement, the Acquired Note and the Acquired Warrant.
View SourceView Similar (2)
Violations or Defaults. To the best of Seller’s knowledge, Seller is not in violation or default under any agreement with any third party, or under any judgment, order, or decree of any court, arbitrator, administrative agency or other governmental authority to which Seller may be subject, which violation or default may, in anyone case or in the aggregate, materially and adversely affect the ownership of the Property or Seller’s ability to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not (a) violate any law or any order of any court or governmental authority with proper jurisdiction; (b) result in a breach or default under any contract or other binding commitment of Seller; (c) require any consent, or approval or vote of any court or governmental authority or of any third person or entity that, as of the Closing Date, has not been given or taken, and does not remain effective; or (d) result in any encumbrance, other than a Permitted Exception, against the Property.
View Source
Violations or Defaults. 4 SECTION 3.4 Consents................................................................ ....... 4 SECTION 3 .5 Investment Company Act .................................................... 4 SECTION 3 .6
View Source
Violations or Defaults. Canadian Investor is not in default with respect to any judgment, order, writ, injunction, decree or decision of any Governmental Authority which default could reasonably be expected to have a material adverse effect on Canadian Investor's ability to perform its obligations under the Transaction Documents. Canadian Investor is in compliance with all statutes, regulations, rules and orders applicable to it of all Governmental Authorities, a violation of which could reasonably be expected to have a material adverse effect on Canadian Investor's ability to perform its obligations under the Transaction Documents.
View Source
Violations or Defaults. Credit Risk Bank is not in default with respect to any judgment, order, writ, injunction, decree or decision of any Governmental Authority which default could reasonably be expected to have a material adverse effect on Credit Risk Bank's ability to perform its obligations under the Transaction Documents. Credit Risk Bank is in compliance with all statutes, regulations, rules and orders applicable to it of all Governmental Authorities (excluding, in relation only to the Transaction and any matters connected with or arising out of it, Canadian Governmental Authorities), a violation of which could reasonably be expected to have a material adverse effect on Credit Risk Bank's ability to perform its obligations under the Transaction Documents.
View Source

Related to Violations or Defaults

  • No Violations or Defaults Neither the Company nor any of its subsidiaries is in violation of its respective charter, by-laws or other organizational documents, or in breach of or otherwise in default, and no event has occurred which, with notice or lapse of time or both, would constitute such a default in the performance of any material obligation, agreement or condition contained in any bond, debenture, note, indenture, loan agreement or any other material contract, lease or other instrument to which it is subject or by which any of them may be bound, or to which any of the material property or assets of the Company or any of its subsidiaries is subject.

  • No Breaches or Defaults The execution, delivery, and performance of this Agreement by Purchaser does not: (i) conflict with, violate, or constitute a breach of or a default under or (ii) require any authorization, consent, approval, exemption, or other action by or filing with any third party or Governmental Authority under any provision of: (a) any applicable Legal Requirement, or (b) any credit or loan agreement, promissory note, or any other agreement or instrument to which Purchaser is a party.

  • No Conflicts or Defaults The execution and delivery of this Agreement by the Company and the consummation of the transactions contemplated hereby do not and shall not (a) contravene the Certificate of Incorporation or By-laws of the Company 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 the Company is a party or by which the Company is bound, or any judgment, order or decree, or any law, rule or regulation to which the Company is subject, (ii) result in the creation of, or give any party the right to create, any lien, charge, encumbrance or any other right or adverse interest (“Liens”) upon any of the assets of the Company, (iii) terminate or give any party the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which the Company is a party or by which the Company’s 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, the Company 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.

  • Breach or Default Upon any breach or default by LICENSEE of any term or condition herein contained, ASCAP may terminate this license by giving LICENSEE thirty days notice to cure such breach or default, and in the event that such breach or default has not been cured within said thirty days, this license shall terminate on the expiration of such thirty-day period without further notice from ASCAP. In the event of such termination, ASCAP shall refund to LICENSEE any unearned license fees paid in advance.

  • Absence of Breaches or Defaults Lessee is not in default under any document, instrument or agreement to which Lessee is a party or by which Lessee, the Properties or any of Lessee’s property is subject or bound, which has had, or could reasonably be expected to result in, a Material Adverse Effect. The authorization, execution, delivery and performance of this Lease and the documents, instruments and agreements provided for herein will not result in any breach of or default under any document, instrument or agreement to which Lessee is a party or by which Lessee, the Properties or any of Lessee’s property is subject or bound.