Common use of Operation of Business Clause in Contracts

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Such Borrower and each of its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither such Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary in all material respects to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of and its Subsidiaries is are not to Borrower's knowledge, in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all material licenses, permits, consents, authorizationsPermits, franchises, patents, copyrights, trademarks, trademarks and trade names, tradenames or rights thereto, thereto necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which where such violation could result in be expected to have a Material Adverse EventEffect.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, permits and franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially business as now conducted and as presently proposed to be conducted, the absence of which would have a Materially Adverse Effect, and neither the Borrower nor any of its Subsidiaries is in violation in any material respect of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which forgoing except where such violation individually or in combination with all other such violations could result in not reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and its Subsidiaries possesses all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could reasonably be expected to result in a Material Adverse Event.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of and its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither each Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of To their knowledge, the Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and, to their knowledge, the Borrower and neither Borrower nor any of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its and the Subsidiaries is are not to Borrower's knowledge, in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which in any respect that could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither each Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor and any of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in that would have a Material Adverse Eventmaterial adverse effect on Borrower.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, except where the failure to so possess would not have a Material Adverse Effect, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, material necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which in any respect that could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, that are materially necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in material violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing, except as noted on the Disclosure Schedule.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any and each of its Subsidiaries is are not in material violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently currently proposed to be conducted, conducted without Material Adverse Effect and neither the Borrower nor any and each of its the Subsidiaries is are not in violation in any material respect of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its --------------------- Subsidiaries possesses all licenses, permits, consents, authorizations, permits and franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially business as now conducted and as presently proposed to be conducted, the absence of which would have a material adverse effect on the financial condition, operations, Properties or business of the Borrower and its Subsidiaries, taken as a whole, and neither the Borrower nor any of its Subsidiaries is in violation in any material respect of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing foregoing, which could result in violation may reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and its each of the --------------------- Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which where such violation could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is are in violation in any respect of any valid rights of others with respect to any of the foregoing which foregoing, except where such failure(s) or violation(s) would not, or could result not reasonably be expected to, individually or in the aggregate, have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each The Borrowers and each of Borrower and its their Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect except where the failure to any of possess the foregoing which same could result in not reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in foregoing, except where failure to comply would not have a Material Adverse Eventmaterial adverse effect on Borrower.

Operation of Business. Each of The Borrower and each of its --------------------- Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which where such violation could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each The Borrowers and each of Borrower and its their Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses their business substantially as now conducted and as presently proposed to be conducted, and neither Borrower none of the Borrowers nor any of its their Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, except where the failure to possess or have a license or other right to use such assets could not reasonably be expected to result in a Material Adverse Event, and, to the knowledge of Borrower, Borrower and neither Borrower nor any each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which foregoing, except to the extent such failure or violation could not reasonably be expected to result in a Material Adverse EventChange.

Operation of Business. Each of Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any none of its the Borrowers or the Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing foregoing, the violation of which could result in have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and its Subsidiaries possesses all licensesLicenses, permits, consents, authorizationspermits (including Environmental Permits), franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary material to the conduct its respective of their businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in foregoing, except where such violatio is not reasonably expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights fights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.forgoing. Section 6.5

Operation of Business. Each of The Borrower and its Subsidiaries possesses and each Guarantor possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries nor any Guarantor is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses Borrowers possess all licenses, --------------------- permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is Borrowers are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conductedconducted and where failure to have such would reasonably be expected to have a Material Adverse Effect, and and, to the knowledge of each Loan Party, neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor and each of the Subsidiaries are not in violation, in any of its Subsidiaries is in violation material respect, of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, material necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither each Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which in any respect that could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conductedconducted except where such failure would not have a Material Adverse Effect, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in except where such failure would not have a Material Adverse EventEffect.

Operation of Business. Each (a) The Borrowers and each of Borrower and its their Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patentsPatents, copyrightsCopyrights, trademarks, Trademarks and trade names, or rights thereto, necessary to conduct its respective businesses their business substantially as now conducted and as presently proposed to be conducted, and neither Borrower none of the Borrowers nor any of its their Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which except any such violation that, individually or in the aggregate, could result in not reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizationspermits (including Environmental Permits), franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of and its Subsidiaries is are not to Borrower's knowledge, in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing, except as noted on Schedule 6.4.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower the Borrowers and its their respective Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any none of its the Borrowers or their respective Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of and its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, except those, the failure of which would not have a Material Adverse Effect, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could that would result in a Material Adverse EventEffect.

Operation of Business. Each of Borrower and its Subsidiaries possesses and Guarantor possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of and its Subsidiaries is and Guarantor are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforgoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary thereto to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, except where the failure to possess any such right would not materially adversely affect the financial condition, operations, properties or business of the Borrower or any Subsidiary of the Borrower; and to the knowledge of the Borrower, neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its each of the --------------------- Subsidiaries possesses possess (or will possess when required) all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of and its Subsidiaries is are not to Borrower's knowledge, in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights theretothereto (collectively, necessary "Permits"), to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and except where the absence of any Permit would not have a Material Adverse Effect and, to the best of Borrower's knowledge, neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses The Borrowers possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is the Borrowers are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither no Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights right thereto, necessary to conduct its their respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its and Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which that could reasonably be expected to result in a Material Adverse Event.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary in any material respect to conduct its respective businesses the business substantially as now conducted of the Borrower and its Subsidiaries taken as presently proposed to be conducteda whole, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizationsPermits, franchises, patents, copyrights, trademarks, licenses and trade names, authorizations necessary or rights thereto, necessary appropriate to conduct its their respective businesses substantially as now conducted conducted. All of such Permits, franchises, licenses and as presently proposed authorizations which are required by any Governmental Requirement or which are or are to be conducted, and neither Borrower nor issued by any Governmental Authority are disclosed on Schedule 7.4. None of its Subsidiaries such Persons is in material violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventsuch Permits, franchises, licenses or authorizations.

Operation of Business. Each of Borrower the Borrowers and its their Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower to the best of their knowledge none of the Borrowers nor any of its their Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and each of its --------------------- Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in material violation of any valid rights of others with respect to any of o(Pounds) the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and its Subsidiaries possesses possess all material licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and to the knowledge of Borrower, neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result except for such violations as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower the Borrowers and its their Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor except where failure of such possession will not, in any of its Subsidiaries is one case or in violation of any valid rights of others with respect to any the aggregate, materially adversely affect the financial condition, operations, properties or business of the foregoing which could result in Borrowers or any such Subsidiary, taken as a Material Adverse Eventwhole, or the ability of the Borrowers to perform their obligations under the Facility Documents.

Operation of Business. Each of The Borrower and its Subsidiaries possesses all licenses, permits, consents, other governmental authorizations, franchises, patents, copyrights, trademarks, trademarks and trade names, or rights thereto, necessary to conduct its respective businesses substantially business as it is now conducted and as presently it is proposed to be conducted, all such licenses, permits, and neither authorizations are valid and in full force and effect and the Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, permits and franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially business as now conducted and as presently proposed to be conducted, the absence of which would have a material adverse effect on the financial condition, operations, Properties or business of the Borrower and its Subsidiaries, taken as a whole, and neither the Borrower nor any of its Subsidiaries is in violation in any material respect of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all approvals, consents, authorization, licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which where such violation could result in reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Such Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither such Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its each of the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither none of the Borrower nor any of its or the Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing foregoing, the violation of which could result in have a Material Adverse EventEffect.

Operation of Business. Each of The Borrower and each of its Restricted Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither none of the Borrower nor any of its or the Restricted Subsidiaries is are in violation of any material valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each Borrowers and each of Borrower and its the Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any Borrowers and each of its the Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their -9- respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of and its Subsidiaries is subsidiaries are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, conducted and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.

Operation of Business. Each of The Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is not in violation of any valid rights of others with respect to any of the foregoing which could result except as disclosed in a Material Adverse Eventthe Borrower's filings with the SEC.

Operation of Business. Each of The Borrower and each of its Subsidiaries possesses possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade namestradenames, or rights thereto, necessary to conduct its their respective businesses substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any and each of its Subsidiaries is are not in violation of any valid rights of others with respect to any of the foregoing which could result in where such violation would reasonably be expected to have a Material Adverse EventEffect.

Operation of Business. Each of the Borrower and its Subsidiaries possesses all material licenses, permits, consents, authorizationsPermits, franchises, patents, copyrights, trademarks, trademarks and trade names, tradenames or rights thereto, thereto CHAR1\1991350v2 necessary to conduct its respective businesses business substantially as now conducted and as presently proposed to be conducted, and neither the Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which where such violation could result in be expected to have a Material Adverse EventEffect.

Operation of Business. Each of Borrower and its Subsidiaries possesses Affiliates possess all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries Affiliates is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Eventforegoing.