Common use of Current Operations Clause in Contracts

Current Operations. Seller has all requisite power and authority and all agreements, contracts, commitments, leases, certificates, licenses, permits, regulatory authorizations and other instruments required to conduct the business of the System as it has been and is now being conducted and to own and operate the System.

Current Operations. Seller has all requisite power and authority and all agreements, contracts, commitments, leases, certificates, licenses, permitsPermits, regulatory authorizations authorizations, and other instruments required to conduct the business operations of the System as it has been and is now being conducted and to own and operate the SystemAssets.