Common use of Licenses and Approvals Clause in Contracts

Licenses and Approvals. This Agreement is contingent on any necessary approvals and licenses from any regulatory authorities having jurisdiction over the parties or the subject matter of this Agreement. Each party shall promptly apply to the appropriate regulatory authorities for any licenses and approvals necessary for that party to perform under this Agreement, shall diligently pursue its applications and pay all associated costs and fees, and shall otherwise cooperate with any requests, inquiries, or investigations of any regulatory authorities or law enforcement agencies in connection with the Company, its affiliates, or this Agreement. If any license or approval necessary for either party to perform under this Agreement is denied, suspended, or revoked, this Agreement shall be void, provided, however, that if the denial, suspension, or revocation affects performance of the Agreement in part only, the parties may be mutual agreement continue to perform under this Agreement to the extent it is unaffected by the denial, suspension, or revocation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Alliance Gaming Corp), Employment Agreement (Alliance Gaming Corp), Executive Employment Agreement (Alliance Gaming Corp)

AutoNDA by SimpleDocs

Licenses and Approvals. This Agreement is contingent on any necessary approvals and licenses from any regulatory authorities having jurisdiction over the parties or the subject matter of this Agreement. Each party shall promptly apply to the appropriate regulatory authorities for any licenses and approvals necessary for that party Executive to perform under this Agreement, Agreement and shall diligently pursue its applications applications, and the Company shall pay all associated costs and fees, and . Each party shall otherwise fully cooperate with any requests, inquiries, or investigations of any regulatory authorities or law enforcement agencies in connection with the Company, its affiliates, or this Agreement. If any license or approval necessary for either party to perform under this Agreement is denied, suspended, or revoked, this Agreement shall be void, provided, however, that if the denial, suspension, or revocation affects performance of the Agreement in part only, the parties may be by mutual agreement continue to perform under this Agreement to the extent it is unaffected by the denial, suspension, or revocation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Bally Technologies, Inc.), Executive Employment Agreement (Bally Technologies, Inc.), Executive Employment Agreement (Alliance Gaming Corp)

AutoNDA by SimpleDocs

Licenses and Approvals. This Agreement is contingent on any necessary approvals and licenses from any regulatory authorities having jurisdiction over the parties or the subject matter of this Agreement. Each party shall promptly apply to the appropriate regulatory authorities for any licenses and approvals necessary for that party to perform under this Agreement, shall diligently pursue its applications and pay all associated costs and fees, and shall otherwise cooperate with any requests, inquiries, or investigations of any regulatory authorities or law enforcement agencies in connection with the CompanyCompanies, its their affiliates, or this Agreement. If any license or approval necessary for either party to perform under this Agreement is denied, suspended, or revoked, this Agreement shall be void, provided, however, that if the denial, suspension, or revocation affects performance of the Agreement in part only, the parties may be by mutual agreement continue to perform under this Agreement to the extent it is unaffected by the denial, suspension, or revocation. 9.

Appears in 1 contract

Samples: Executive Employment Agreement (Alliance Gaming Corp)

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