Business Permits. Seller has obtained all approvals, authorizations, consents, licenses, franchises, orders, certificates or other permits of all governmental or regulatory agencies, whether federal, state, local or foreign (collectively, the "Approvals") necessary to the operations of the business as presently conducted, including, without limitation, the constructions, alterations, operation, use and occupancy of the properties demised under the Leases or any part thereof, or any of the improvements thereon, including, but not limited to the certificates of occupancy or the local equivalents, if any, and certificates relating to fire and health approval. All such Approvals are in full force and effect and good standing, neither Sellers nor the Company is in default under any Approval and there exists no basis for the termination, suspension or revocation of any such Approvals.
Business Permits. (a) The Business owns or holds all Permits used or held for use or Related to the Business as currently conducted or for the ownership and use of the Purchased Assets (the “Business Permits”), except where the failure to own, hold or lawfully use any such Business Permit would not, individually or in the aggregate, have a Material Adverse Effect.
Business Permits. Schedule 2.12 sets forth a correct and complete list of all Business Permits and indicates for each whether the same are transferable to Buyer and, if so, whether consent to such transfer is required. Such Business Permits have been validly acquired, are in full force and effect and represent all governmental permits, licenses, franchises, certificates, authorizations, consents and approvals necessary under applicable Governmental Rules for Buyer to carry on the Business as now being conducted and to own, occupy or use the Assets. No violations have been recorded against any such Business Permit, no citation, notice or warning has been issued by any governmental entity with respect to any such Business Permit, no investigation or hearing has been held by or before any governmental entity with respect to any such Business Permit, Seller has not received any notice from any governmental entity that it intends to cancel, revoke, terminate, suspend or not renew any such Business Permit and Seller has no knowledge of any basis for any of the foregoing. Seller is in compliance with all such Business Permits, except for such non-compliance as, individually or in the aggregate, has not resulted in, and is not likely to result in, a Material Adverse Change.
Business Permits. The Lessee agrees to pay the Lessor an Annual Airport Business Permit fee of One Hundred and Twenty Dollars ($120.00) and each Sublease Tenant shall pay an Annual Airport Business Permit fee of Three Hundred Dollars ($300.00) payable on or before the fifteenth day of January for each year the Lessee and any sublease tenants conduct business operations on the Premises.
Business Permits. Except for matters that are the subject of the representations and warranties in Section 4.8 (Tax Matters), Section 4.9 (Employee Benefits), Section 4.11 (Labor Matters) and Section 4.12 (Environmental Matters), which matters are covered solely by such Sections, and except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the Business Permits comprise all permits, approvals, licenses, authorizations, certificates, rights, exemptions and Orders from Governmental Entities (collectively, the “Permits”) that are necessary for the lawful operation of the Terminal Operations as presently conducted by Seller and its Subsidiaries; provided, that no representation is made with respect to any Permit that is not transferrable or with respect to any Permit that is dependent on Seller or its applicable Subsidiary being the owner or operator of any Purchased Asset or the Terminal Operations. To the Knowledge of Seller, the applicable Business Permit holder is in compliance with each Business Permit, except for such noncompliance which has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
Business Permits. Section 2.13 of the Disclosure Letter sets forth a correct and complete list of all governmental permits, licenses, franchises, certificates, authorizations, Consents and approvals which have been obtained by the Company and are currently in effect (collectively, the “Business Permits”) and indicates for each whether any Consent or other action is required in order for the same to remain in full force and effect following the Closing. Such Business Permits have been validly acquired, are in full force and effect and represent all governmental permits, licenses, franchises, certificates, authorizations, Consents and approvals necessary under applicable Governmental Rules for the Company to conduct its business as currently conducted and to own, occupy or use its assets. No violations have been recorded against any such Business Permit, no citation, notice or warning has been issued by any Governmental Entity with respect to any such Business Permit, no investigation or hearing has been held by or before any Governmental Entity with respect to any such Business Permit, the Company has not received any notice from any Governmental Entity that it intends to cancel, revoke, terminate, suspend or not renew any such Business Permit and neither the Company nor Xx. Xxxxxxx have any knowledge of any basis for any of the foregoing. The Company is in compliance with all such Business Permits, except for such non-compliance as, individually or in the aggregate, is not likely to have a Material Adverse Effect.
Business Permits. 2 Buyer ................................................................... 1
Business Permits. Exhibit 3.23 of the Disclosure Schedule contains a complete and accurate list of all licenses, approvals, Consents, franchises, authorizations, security clearances and other permits of, from or with, any Governmental Body (“ Permits”), which are held by or applicable to the Company. No other Permits are required under applicable Legal Requirements to permit the Company to own, operate, use and maintain their Assets in the manner in which they are now operated and maintained and to conduct the Business as currently conducted or proposed to be conducted. The Company is not a party or subject to the provisions of any Order of any Governmental Body. All Permits listed in Exhibit 3.23 of the Disclosure Schedule are valid and in full force and effect and there are no Proceedings pending or, to the knowledge of the Company, threatened that seek the revocation, cancellation, suspension or adverse modification thereof.
Business Permits. To the fullest extent permitted by applicable law and permitting requirements, Seller shall allow Purchaser to perform the work under all permits issued to Seller and necessary or appropriate for the performance of the Business (“Business Permits”). Seller shall maintain all Business Permits in full force and effect until such Business Permits can be transferred to, or separately obtained by, Purchaser. Seller shall use its commercially reasonable efforts (provided that Purchaser shall pay any out-of-pocket expenses incurred by Seller provided prior notice and reasonable documentation thereof is provided) to assist Purchaser to transfer or obtain all such Business Permits required by Purchaser to conduct the Business.
Business Permits. Schedule 2.11 sets forth a correct and complete list of all Business Permits and indicates (a) for each Business Permit that is held by a Seller, whether the same is transferable to Buyer and, if so, whether consent to such transfer is required and (b) for each Business Permit held by the Business Subsidiary, whether any consent or other action is required in order for the same to remain in full force and effect following the Closing. Such Business Permits have been validly acquired, are in full force and effect and represent all material governmental permits, licenses, franchises, certificates, authorizations, consents and approvals necessary under applicable Governmental Rules for Sellers or the Business Subsidiary, as applicable, to conduct the Business as currently conducted and to own, occupy or use the Assets. Except as set forth on Schedule 2.11, no violations have been recorded against any such Business Permit, no citation, notice or warning has been issued by any governmental entity with respect to any such Business Permit, no investigation or hearing has been held by or before any governmental entity with respect to any such Business Permit, no Seller Party has received any notice from any governmental entity that it intends to cancel, revoke, terminate, suspend or not renew any such Business Permit and Sellers' have no knowledge of any basis for any of the foregoing. The applicable Seller Parties are in compliance in all material respects with all such Business Permits.
