Franchises; Permits Clause Samples

Franchises; Permits. The Loan Parties possesses all franchises, permits, licenses and other authority as are material to the conduct their business as now being conducted. The Loan Parties are not in default under any such franchise, permit, license or authority such that it would have a Material Adverse Effect.

Franchises; Permits. Borrower and its Subsidiaries possesses all franchises, permits, licenses and other authority as are necessary to enable Borrower and its Subsidiaries to conduct their business as now being conducted. Borrower and its Subsidiaries are not in default under any such franchise, permit, license or authority such that it would have a material adverse change in the operations of business, property, assets, condition, financial or otherwise of the Borrower and its Subsidiaries, taken as a whole.

Franchises; Permits. Borrower has all franchises, permits, licenses and other authority as are necessary to enable Borrower to conduct its business as now being conducted, and is not in default under any such franchise, permit, license or authority.

Franchises; Permits. Total and its Subsidiaries hold all permits, licenses, variances, exemptions, orders and approvals of all Governmental Entities necessary for the lawful conduct of their respective businesses ("Total Permits"), except for failures to hold such permits, licenses, variances, exemptions, orders and approvals which have not had, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Total. Total and its Subsidiaries are in compliance with the terms of the Total Permits, except where the failure to so comply has not had, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Total.

Franchises; Permits. All franchises, approvals, licenses, orders, registrations, certificates, variances and similar rights obtained from governments and governmental agencies.

Franchises; Permits. CASH AND CASH EQUIVALENTS.........................3 ------------------------- 1.

Franchises; Permits. The Credit Parties possesses all franchises, permits, licenses and other authority as are necessary to enable the Credit Parties to conduct their business as now being conducted, including without limitation all licenses and agreements necessary for the conduct of the ▇▇▇▇▇▇▇▇ Business in the same manner as it was conducted prior to the acquisition of ▇▇▇▇▇▇▇▇ by the Borrower. The Credit Parties are not in default under any such franchise, permit, license or authority such that it would have a material adverse change in the operations of business, property, assets, condition, financial or otherwise of the Credit Parties, taken as a whole.

Franchises; Permits. The Borrower has obtained and is in compliance with all material licenses, permits, franchises, and governmental authorizations necessary for the ownership of its properties and the conduct of its business as now being conducted, for which failure to comply would reasonably be expected to have a Material Adverse Effect.

Franchises; Permits. (a) Schedule 5.14 sets forth each Franchise and each Permit held by Seller and used in connection with the operations of the System. True and complete copies of all Franchises and Permits (together with any and all amendments thereto) have been delivered to Purchaser. (b) Each Franchise and each Permit is valid and in full force and effect, and there is no event or condition which has occurred or exists, which constitutes or which, with or without notice or the passage of time, could reasonably be expected to constitute a material default or material breach under any such Franchise, or could reasonably be expected to cause the acceleration of any material obligation of Seller or give rise to any right of termination or cancellation thereof by the applicable Governmental Body.