Common use of Governmental Licenses Clause in Contracts

Governmental Licenses. The Company and its subsidiaries possess such permits, licenses, approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate federal, state, local or foreign regulatory agencies or bodies necessary to conduct the business now operated by them; the Company and its subsidiaries are in compliance with the terms and conditions of all such Governmental Licenses, except where the failure so to comply would not, singly or in the aggregate, have a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and effect, except when the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not have a Material Adverse Effect; and neither the Company nor any of its subsidiaries has received any written notice of proceedings relating to the revocation or modification of any such Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Material Adverse Effect.

Governmental Licenses. The Each of the Company and its subsidiaries Subsidiaries possess such the permits, licenses, approvals, consents and other authorizations of or from any Governmental Entity (collectively, “Governmental Licenses”) issued by the appropriate federal, state, local or foreign regulatory agencies or bodies necessary that are material to conduct the its business now operated by them; as currently conducted. Each of the Company and its subsidiaries are Subsidiaries is in compliance with the terms and conditions of all such Governmental Licenses, except where the failure to so to comply would notnot reasonably be expected to have, singly individually or in the aggregate, have a Material Adverse Effect; all . All of the Governmental Licenses are valid and in full force and effect, except when where the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not have reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; and neither . Neither the Company nor any of its subsidiaries Subsidiaries has received from any written Governmental Entity any notice of proceedings relating to the revocation or modification of any such Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.