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.
Appears in 4 contracts
Sources: Credit Facility Agreement (Transcat Inc), Credit Facility Agreement (Transcat Inc), Credit Facility Agreement (Transcat Inc)