Common use of Franchises; Permits Clause in Contracts

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 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 wholeMaterial Adverse Effect.