No Conflicts. Not the execution and delivery of this Agreement, the other Warehouse Documents to which [[Organization B:Organization]] is a party, or any other documents to be executed in connection herewith, nor the consummation of any of the transactions herein or therein contemplated, nor compliance with the terms and provisions hereof or with the terms and provisions thereof, will contravene or materially conflict with any applicable Law, or any loan agreement, lease, promissory note, indenture, mortgage, deed of trust, or other agreement or instrument to which [[Organization B:Organization]] is a party or by which [[Organization B:Organization]] or any of its Property may be bound or be subject, or violate any provision of the documents creating or governing [[Organization B:Organization]].

Absence of Conflicts. Neither the execution and delivery of this Agreement, the Note or the other Loan Documents nor consummation of the transactions herein or therein contemplated nor performance of or compliance with the terms and conditions hereof or thereof will # violate any law, # conflict with or result in a breach of or a default under any agreement or instrument to which [[Organization A:Organization]] is a party or by which either of them or any of their properties (now owned or hereafter acquired) may be subject or bound or # result in the creation or imposition of any lien, charge, security interest or encumbrance upon any property (now owned or hereafter acquired) of [[Organization A:Organization]].