Licensing Status Sample Clauses
The Licensing Status clause defines the current standing or validity of any licenses relevant to the agreement or subject matter. It typically requires one or both parties to confirm that they possess all necessary licenses, permits, or approvals to perform their obligations under the contract. For example, a software provider may need to verify that its product is properly licensed and not infringing on third-party rights. This clause ensures that all parties are legally authorized to engage in the activities contemplated by the agreement, thereby reducing the risk of legal disputes or regulatory violations.
Licensing Status. This Agreement shall terminate automatically and without notice in the event of cancellation, revocation, suspension or forfeiture of any license required by law for Producer's performance in any respect under this agreement.
Licensing Status. Bidder represents and warrants that it holds all licenses, registrations, permits and qualifications required under applicable state and federal laws to transact its business as presently conducted, including, but not limited to, licenses to transact business as an automotive dealer or dismantler, as applicable, in all jurisdictions where Bidder transacts such business. Bidder must comply with all applicable laws, statutes, ordinances and regulations regarding use of ARS's service and governing bidding upon and purchase of VEHICLES. Bidder is required to maintain in good standing its automotive dealer or dismantler license, as applicable, throughout the course of its registration with ARS. Bidder shall promptly notify ARS in writing of any change in its licensing status. Licenses must be renewed and submitted to ARS prior to expiration in order to retain active Bidder status.
Licensing Status. Reinsurer is licensed in Cedent’s Domicile such that Cedent could take Credit For Reinsurance if the cession contemplated by the Reinsurance Agreement occurred on the date hereof (with respect to this representation and warranty given as of the date hereof) and on the Closing Date (with respect to this representation and warranty given as of the Closing Date).
Licensing Status. The Reinsurer is qualified as a reciprocal jurisdiction reinsurer in the Ceding Company’s state of domicile. As of the date hereof, the Reinsurer is not the subject of any pending or, to the Knowledge of the Reinsurer, threatened action seeking the revocation, withdrawal, suspension, termination, cancellation, nonrenewal, modification or impairment of its status as an approved reciprocal jurisdiction reinsurer.