Common use of Permits and Licences Clause in Contracts

Permits and Licences. Except to the extent disclosed in Schedule II to the Side Letter, each of the Borrower and its Significant Subsidiaries has such permits, licences, permissions, allocations, compliance certificates and authorisations of governmental or regulatory authorities (“permits”), including, without limitation, licences issued by the Ministry of Information Technologies and Communications of the Russian Federation (or any successor), or the Ministry of Transport and Communications of the Republic of Kazakhstan (or any successor), and permissions issued by the Federal Communication Agency and/or the Federal Surveillance Service for Communications (Gossvyaznadzor) (or any successors), or the Committee for Informatization and Communications of the Republic of Kazakhstan (or any successor) as are necessary to own, lease and operate its respective properties and to conduct its business in the regions, which regions are set forth in Schedule I and Schedule II to the Side Letter except where the failure to have such permits would not have a Material Adverse Effect. Except to the extent disclosed in Schedule II to the Side Letter, each of the Borrower and its Significant Subsidiaries has fulfilled and performed all their material obligations with respect to such permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such permit; and, except as disclosed in Schedule II to the Side Letter, such permits contain no restrictions or are subject to any orders or instructions that have or that the Borrower could reasonably expect to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Open Joint Stock Co Vimpel Communications), Loan Agreement (Open Joint Stock Co Vimpel Communications)

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Permits and Licences. Except to the extent disclosed in Schedule II I to the Side Letter, each of the Borrower and its Significant Subsidiaries has such permits, licences, permissions, allocations, compliance certificates and authorisations of governmental or regulatory authorities (“permits”), including, without limitation, licences issued by the Ministry of Information Technologies and Communications of the Russian Federation (or any successor), or the Ministry of Transport and Communications of the Republic of Kazakhstan (or any successor), and permissions issued by the Federal Communication Agency and/or the Federal Surveillance Service for Communications (Gossvyaznadzor) (or any successors), or the Committee for Informatization and Communications of the Republic of Kazakhstan (or any successor) as are necessary to own, lease and operate its respective properties and to conduct its business in the regions, which regions are set forth in Schedule I and Schedule II to the Side Letter except where the failure to have such permits would not have a Material Adverse Effect. Except to the extent disclosed in Schedule II I to the Side Letter, each of the Borrower and its Significant Subsidiaries has fulfilled and performed all their material obligations with respect to such permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such permit; and, except as disclosed in Schedule II I to the Side Letter, such permits contain no restrictions or are subject to any orders or instructions that have or that the Borrower could reasonably expect to have a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement (Open Joint Stock Co Vimpel Communications)

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Permits and Licences. Except to the extent disclosed in Schedule II I to the Side Letter, each of the Borrower and its Significant Subsidiaries has such permits, licences, permissions, allocations, compliance certificates and authorisations of governmental or regulatory authorities (“permits”), including, without limitation, licences issued by the Ministry of Information Technologies Communications and Communications Informatization of the Russian Federation (or any successor), or the Ministry of Transport and Communications of the Republic of Kazakhstan (or any successor), and permissions issued by the Federal Communication Agency State Commission for Radio Frequencies and/or the Federal Surveillance State Service for Communications Oversight (Gossvyaznadzor) (or any successors), or the Committee for Informatization and Communications of the Republic of Kazakhstan (or any successor) as are necessary to own, lease and operate its respective properties and to conduct its business in the regions, which regions are set forth in Schedule I and Schedule II to the Side Letter except where the failure to have such permits would not have a Material Adverse Effect. Except to the extent disclosed in Schedule II I to the Side Letter, each of the Borrower and its Significant Subsidiaries has fulfilled and performed all their material obligations with respect to such permits and no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such permit; and, except as disclosed in Schedule II I to the Side Letter, such permits contain no restrictions or are subject to any orders or instructions that have or that the Borrower could reasonably expect to have a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement (Open Joint Stock Co Vimpel Communications)

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