CompUSA 2015 Annual Report Download - page 86

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(a)contravene,violateorresultinanybreachof(i)anyoftheprovisionsofanySeller’sorSystemax’scertificateofincorporation,bylawsor
other organizational documents, if any; (ii) the corporate resolutions of any Seller or Systemax; (iii) any of the terms or requirements of any Governmental
ApprovalheldbyaSellerorSystemaxorthatotherwiserelatestotheBusinessoranyofthePurchasedAssetsorAssumedLiabilities,assumingcompliancewith
themattersandactionsrequiredhereunderwithrespecttheretoincludingassetforthinSection6.4(e)andassumingPurchaser’scompliancewiththemattersand
actions required under Section 7.3 ; or (iv) any provision of any Purchased Contract; except with respect to clauses (iii) and (iv) where such contravention,
violationorbreachwouldnothaveaMaterialAdverseEffect;
(b)assumingcompliance bySellerswiththemattersandactions requiredhereunderwith respecttheretoincludingassetforthinSection
6.4(e) and by Purchaser with respect to the matters and actions required hereunder with respect thereto including as set forth in Section 7.3 , give any
GovernmentalAuthorityorotherPersontherightto(i)challengetheTransaction;(ii)exerciseanyremedyorobtainanyreliefunderanyLegalRequirementor
anyOrdertowhichanySeller,SystemaxoranyofthePurchasedAssetsorAssumedLiabilities,issubject;(iii)declareadefaultof,exerciseanyremedyunder,
accelerate the performance of, cancel, terminate, modify or receive any payment under any Purchased Contract; or (iv) revoke, suspend or modify any
GovernmentalApproval;ineachsuchcaseexceptaswouldnothaveaMaterialAdverseEffect;
(c)causeanySellerorPurchasertobecomesubjectto,ortobecomeliableforthepaymentof,anyTax,orcauseanyofthePurchasedAssets
tobereassessedorrevaluedbyanyTaxAuthorityorotherGovernmentalAuthority;
(d)resultintheimpositionorcreationofanymaterialEncumbranceuponorwithrespecttoanyofthePurchasedAssets;or
(e)requireaSellertoobtainanyConsentormakeordeliveranyfilingornoticetoaGovernmentalAuthority,otherthan(i)compliancewith
anyapplicablerequirementsoftheExchangeActandanyotherstate,provincialorfederalsecuritieslaws,(ii)compliancewithanyapplicablerequirementsofthe
NewYorkStockExchange,and(iii)anyactionsorfilingstheabsenceofwhichwouldnothaveaMaterialAdverseEffect.
6.5 Material Contracts .
(a)Other than (x) any “material contract” (as such term is defined in Item 601(b)(10) of Regulation S-K under the 1933 Act) filed or
incorporatedbyreferenceasanexhibittotheSECFilings,(y)anyExcludedAsset,Section6.5oftheSellerDisclosureSchedulesetsforthanaccurate,correctand
completelistofallContractsrelatedtotheBusinesstowhichanyofthedescriptionssetforthbelowmayapply:
(i)Person`al Property Leases, anyContractforLeasedRealProperty, Contracts affecting anySellerIntellectualPropertyand
materialGovernmentalApprovals;
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