Common use of Material Licenses and Permits Clause in Contracts

Material Licenses and Permits. The Borrower and its Subsidiaries shall maintain each license, permit or franchise issued by a Governmental Authority necessary for the conduct of its business except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Material Licenses and Permits. The Such Borrower and its Subsidiaries shall maintain each license, permit or franchise issued by a Governmental Authority necessary for the conduct of its business except where the failure to do so could not reasonably be expected to have a Material Adverse EffectEffect with respect to such Borrower and its Subsidiaries.