Franchises, etc. The Borrower and each of its Restricted Subsidiaries has all franchises and certificates, free from burdensome restrictions, that are necessary for the ownership, maintenance and operation of its properties and assets, except as, individually or in the aggregate, has not had or could not reasonably be expected to have, a Material Adverse Effect, and neither the Borrower nor any Restricted Subsidiary is in violation of any thereof that, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect.
Appears in 3 contracts
Sources: Revolving Credit and Guaranty Agreement (REV Group, Inc.), Term Loan and Guaranty Agreement (REV Group, Inc.), Revolving Credit and Guaranty Agreement (REV Group, Inc.)