Operating Permits Sample Clauses
The Operating Permits clause requires one or both parties to obtain and maintain all necessary governmental permits, licenses, or approvals needed to legally operate or conduct activities under the agreement. In practice, this means that before commencing operations—such as running a business, constructing a facility, or providing regulated services—the responsible party must secure all relevant authorizations from local, state, or federal authorities. This clause ensures that all operations remain compliant with applicable laws and regulations, thereby reducing the risk of legal penalties, shutdowns, or delays due to missing or invalid permits.
POPULAR SAMPLE Copied 1 times
Operating Permits. All licenses, permits and other authorizations or approvals granted by any governmental authority or other body having jurisdiction over the Property which relate solely to the business operations currently being conducted at the Property (e.g. liquor licenses, restaurant permits and licenses and health spa licenses) and which would remain in full force and effect if held by Seller or its affiliates as the subtenant of the Property pursuant to the Property Lease.
Operating Permits. Borrower has obtained all licenses, permits, registrations, certificates and other approvals, governmental and otherwise (including, without limitation, zoning, building code, land use and environmental), necessary for the use, occupancy and operation of each Property and the conduct of its business thereat, all of which are in full force and effect as of the date hereof. No event or condition currently exists which could result in the revocation, suspension, or forfeiture thereof.
Operating Permits. Furnish to Agent, unless as otherwise consented to in writing by Agent, as soon as possible but prior to the commencement of operation of the constructed facility, evidence of the issuance of all necessary permits for such operation.
Operating Permits. Except to the extent the same could not reasonably be expected to have a Material Adverse Effect, the Group Members have obtained all licenses, permits, registrations, certificates and other approvals, governmental and otherwise (including, without limitation, zoning, building code, land use and environmental), reasonably necessary for the use, occupancy and operation of the Mortgaged Property and the conduct of its business thereat, all of which are in full force and effect as of the date hereof in all material respects. To each Borrower’s knowledge, no event or condition currently exists which could result in the revocation, suspension, or forfeiture thereof which could reasonably be expected to cause a Material Adverse Effect.
Operating Permits. The Group Members have obtained all licenses, permits, registrations, certificates and other approvals, governmental and otherwise (including, without limitation, zoning, building code, land use and environmental), reasonably necessary for the use, occupancy and operation of the Mortgaged Property and the conduct of its business thereat, all of which are in full force and effect as of the date hereof, except to the extent that the failure to obtain the same could not reasonably be expected to materially impair the use or value of the Mortgaged Property to which it relates. To each Borrower’s knowledge, no event or condition currently exists which could result in the revocation, suspension, or forfeiture thereof.
Operating Permits. The term “Operating Permits” shall mean Operator Operating Permits and Owner Operating Permits.
Operating Permits. Attached as Exhibit D-2 to this Agreement and incorporated herein by this reference is a true, correct and complete list of all material Operating Permits. To Seller's Knowledge, Seller currently possesses all Operating Permits necessary and required for the lawful operation of Seller's business at the Real Property and each of the Operating Permits is in full force and effect and in good standing, and Seller has not received notice of any intention on the part of the issuing authority to cancel, suspend or modify any of the Operating Permits or to take any action or institute any proceedings to effect such a cancellation, suspension or modification. To Seller's knowledge, no notice to, filing or registration with, or License or Permit from, any governmental or regulatory body or authority, or any other person or entity is required to be made or obtained in connection with the execution, delivery or
Operating Permits. (a) The Seller has all the Operating Permits, except where the failure to have such Operating Permits is not reasonably likely to have a Material Adverse Effect. Except as set forth in Schedule 5.11, the Seller has not received any written notification that it is in violation of any of such Operating Permits, or any law, statute, order, rule, regulation, ordinance or judgment of any governmental or regulatory body or authority applicable to the Seller, except for notifications of violations which would not, in the aggregate, be reasonably likely to have a Material Adverse Effect. The Seller is in substantial compliance with all Operating Permits, laws, statutes, orders, rules, regulations, ordinances, or judgments of any governmental or regulatory body or authority applicable to it, except for violations which, in the aggregate, do not have or are not reasonably likely to have a Material Adverse Effect.
(b) Schedule 1.1(a)(31) sets forth all Operating Permits.
Operating Permits. 5/30/00 [insert publication date and FR cite] The state rule has sections (4)(A), (4)(B), and (4)(H)—Basic State Operating Permits. EPA has not approved those sections. * * * * * * *
Operating Permits. The Merger Sub shall have obtained all Operating Permits which Parent shall, in the exercise of its sole discretion, deem necessary or desirable for the operation by the Surviving Corporation of the business of ECI after the Closing.