Common use of Authorizations, etc Clause in Contracts

Authorizations, etc. All Authorizations of each Tucows Group Entity which are necessary to properly conduct their respective business as of the Closing Date are in full force and effect and no Tucows Group Entity is in default with respect thereto, except where the absence of such Authorization, the failure to maintain such Authorization in full force and effect, or the default thereunder would not reasonably be expected to result in a Material Adverse Change. The Material Authorizations described in Schedule 7.01(6) or as hereafter disclosed pursuant to Section 8.01(3)(iii) in the Compliance Certificate required to be delivered pursuant to Section 8.01(2)(iii)(B) hereof are the only Authorizations necessary to properly conduct the business of the Tucows Group, the absence of which would reasonably be expected to result in a Material Adverse Change (it being understood that this representation will not be deemed breached pending the timely disclosure of any such subsequently obtained Material Authorizations).