Common use of Compliance with Laws; Licenses and Permits Clause in Contracts

Compliance with Laws; Licenses and Permits. The Borrower and each of its Subsidiaries are in compliance with all Applicable Law (including the rules and regulations of the FDA and the USDA), including the Sxxxxxxx-Xxxxx Act of 2002. Schedule 3.23 sets forth a true, correct and complete list of all Licenses and Permits held by the Borrower and its Subsidiaries in connection with the ownership of their assets or the conduct of their businesses (which Schedules shall set forth, with respect to each License or Permit, its name, the issuing Person, the date it was issued and the date of expiration), and such Licenses and Permits constitute all of the Licenses and Permits required under Applicable Law to own their respective assets or conduct their respective businesses as now conducted and as proposed to be conducted. All of such Licenses and Permits are validly issued and in full force and effect, and the Borrower and its Subsidiaries have fulfilled and performed all of their obligations with respect thereto and have full power and authority to operate thereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (Overhill Farms Inc), Loan and Security Agreement (Levine Leichtman Capital Partners Ii Lp)

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Compliance with Laws; Licenses and Permits. The Borrower Company and each of its Subsidiaries are in compliance with all Applicable Law (including the rules and regulations of the FDA and the USDA), including the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002. Schedule 3.23 sets forth a true, correct and complete list of all Licenses and Permits held by the Borrower Company and its Subsidiaries in connection with the ownership of their assets or the conduct of their businesses (which Schedules shall set forth, with respect to each License or Permit, its name, the issuing Person, the date it was issued and the date of expiration), and such Licenses and Permits constitute all of the Licenses and Permits required under Applicable Law to own their respective assets or conduct their respective businesses as now conducted and as proposed to be conducted. All of such Licenses and Permits are validly issued and in full force and effect, and the Borrower Company and its Subsidiaries have fulfilled and performed all of their obligations with respect thereto and have full power and authority to operate thereunder.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp), Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp)

Compliance with Laws; Licenses and Permits. The Borrower Company and each of its Subsidiaries are in compliance with all Applicable Law (including the rules and regulations of the FDA and the USDA), including the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002. Schedule 3.23 sets forth a true, correct and complete list of all Licenses and Permits held by the Borrower Company and its Subsidiaries in connection with the ownership of their assets or the conduct of their businesses (which Schedules shall set forth, with respect to each License or Permit, its name, the issuing Person, the date it was issued and the date of expiration), and such Licenses and Permits constitute all of the Licenses and Permits required under Applicable Law to own their respective assets or conduct their respective businesses as now conducted and as proposed to be conducted. All of such Licenses and Permits are validly issued and in full force and effect, and the Borrower Company and its Subsidiaries have fulfilled and performed all of their obligations with respect thereto and have full power and authority to operate thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Overhill Farms Inc)

Compliance with Laws; Licenses and Permits. The Borrower Company and each of its Subsidiaries are in compliance with all Applicable Law (including the rules and regulations of the FDA and the USDA), including the Sxxxxxxx-Xxxxx Act of 2002. Schedule 3.23 sets forth a true, correct and complete list of all Licenses and Permits held by the Borrower Company and its Subsidiaries in connection with the ownership of their assets or the conduct of their businesses (which Schedules shall set forth, with respect to each License or Permit, its name, the issuing Person, the date it was issued and the date of expiration), and such Licenses and Permits constitute all of the Licenses and Permits required under Applicable Law to own their respective assets or conduct their respective businesses as now conducted and as proposed to be conducted. All of such Licenses and Permits are validly issued and in full force and effect, and the Borrower Company and its Subsidiaries have fulfilled and performed all of their obligations with respect thereto and have full power and authority to operate thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Overhill Farms Inc)

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Compliance with Laws; Licenses and Permits. The Borrower Company, Parent and ------------------------------------------ each of its their respective Subsidiaries are in compliance with all Applicable Law Laws (including including, without limitation, the rules and regulations of the FDA and the USDA), including the Sxxxxxxx-Xxxxx Act of 2002. Schedule 3.23 sets forth a true, correct and complete list of all ------------- Licenses and Permits held by the Borrower Company and its Subsidiaries in connection with the ownership of their assets or the conduct of their businesses (which Schedules shall set forth, with respect to each License or Permit, its name, the issuing Person, the date it was issued and the date of expiration), and such Licenses and Permits constitute all of the Licenses and Permits required under Applicable Law Laws to own their respective assets or conduct their respective businesses as now conducted and as proposed to be conducted. All of such Licenses and Permits are validly issued and in full force and effect, and the Borrower Company and its Subsidiaries have fulfilled and performed all of their obligations with respect thereto and have full power and authority to operate thereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Polyphase Corp)

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