Common use of Franchises Clause in Contracts

Franchises. The Company and the Subsidiaries hold, to the extent required, valid and subsisting franchises, licenses and permits authorizing them to carry on the regulated utility businesses in which they are engaged in the territories from which substantially all of the Company’s consolidated gross operating revenue is derived, except where the failure to hold such franchises, licenses and permits would not result in a Material Adverse Change.

Appears in 10 contracts

Samples: Underwriting Agreement (Great Plains Energy Inc), Underwriting Agreement (Great Plains Energy Inc), Underwriting Agreement (Great Plains Energy Inc)

AutoNDA by SimpleDocs

Franchises. The Company and the Subsidiaries Subsidiary hold, to the extent required, valid and subsisting franchises, licenses and permits authorizing them to carry on the regulated utility businesses in which they are engaged in the territories from which substantially all of the Company’s consolidated gross operating revenue is derived, except where the failure to hold such franchises, licenses and permits would not result in a Material Adverse Change.

Appears in 7 contracts

Samples: Underwriting Agreement (Evergy Metro, Inc.), Underwriting Agreement (Great Plains Energy Inc), Underwriting Agreement (Kansas City Power & Light Co)

Franchises. The Company and the its Subsidiaries hold, to the extent required, valid and subsisting franchises, licenses and permits authorizing them to carry on the regulated respective utility businesses in which they are engaged engaged, in the territories from which substantially all of the Company’s consolidated their gross operating revenue is derived, except where the failure to hold such franchises, licenses and permits would not result in a Material Adverse ChangeEffect.

Appears in 2 contracts

Samples: Great Plains Energy Inc, Great Plains Energy Inc

AutoNDA by SimpleDocs

Franchises. The Company and the Subsidiaries holdholds, to the extent required, valid and subsisting franchises, licenses and permits authorizing them it to carry on the regulated utility businesses in which they are it is engaged in the territories from which substantially all of the Company’s consolidated gross operating revenue is derived, except where the failure to hold such franchises, licenses and permits would not result in a Material Adverse Change.

Appears in 1 contract

Samples: Underwriting Agreement (Kansas City Power & Light Co)

Time is Money Join Law Insider Premium to draft better contracts faster.