Common use of Compliance with Consents and Licenses Clause in Contracts

Compliance with Consents and Licenses. Every consent required by either Borrower or any of its Significant Subsidiaries (including those required under or pursuant to any Environmental Law) in connection with the conduct of its business and the ownership, use, exploitation or occupation of its property and assets has been obtained and is in full force and effect and there has not been any default in the observance of the conditions and restrictions (if any) imposed in, or in connection with, any of the same, except where the failure to obtain any of the foregoing would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Assignment Agreement (Lsi Logic Corp), Credit Agreement (Lsi Logic Corp)

AutoNDA by SimpleDocs

Compliance with Consents and Licenses. Every consent required by either Borrower or any of its Significant Subsidiaries (including those required under or pursuant to any Environmental Law) in connection with the conduct of its business and the ownership, use, exploitation or occupation of its property and assets has been obtained and is in full force and effect and there has not been any default in the observance of the conditions and restrictions (if any) imposed in, or in connection with, any of the same, except where the failure to obtain any of the foregoing would not reasonably be expected to have a Material Adverse Effect.the

Appears in 1 contract

Samples: Assignment Agreement (Lsi Logic Corp)

AutoNDA by SimpleDocs

Compliance with Consents and Licenses. Every consent required by either the Borrower or any of its Significant Subsidiaries Subsidiary (including those required under or pursuant to any Environmental Law) in connection with the conduct of its business and the ownership, use, exploitation or occupation of its property and assets has been obtained and is in full force and effect and there has not been any default in the observance of the conditions and restrictions (if any) imposed in, or in connection with, any of the same, except where the failure to obtain any of the foregoing would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Lsi Logic Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.