Common use of Permits; Intellectual Property Clause in Contracts

Permits; Intellectual Property. (a) The Iroquois Entities own or possess all Permits, patents, copyrights, service marks, trademarks and trade names, or rights thereto, necessary (i) for the operation, ownership and maintenance of the Iroquois Pipeline and (ii) for the conduct of the Business, except in each case where the failure to own or possess the same would not reasonably be expected to have a Material Adverse Effect. No Iroquois Entity has received any written notice of any revocation or modification of any such Permit, patent, copyright, service ▇▇▇▇, trademark or trade name nor has it received any written notice that such Permit, patent, copyright, service ▇▇▇▇, trademark or trade name will not be renewed in the ordinary course of business, except, in each case, where such revocation, modification or non-renewal would not reasonably be expected to have a Material Adverse Effect. (b) The Iroquois Entities have made all declarations and filings with the appropriate Governmental Authorities that are necessary for the ownership, maintenance or lease of their properties and the conduct of the Business, except where the failure to make the same would not reasonably be expected to have a Material Adverse Effect. The Iroquois Entities have complied with all terms and conditions of the Permits, except as would not reasonably be expected to have a Material Adverse Effect, and, except as set forth in Schedule 2.16(b), no proceeding is pending or threatened with respect to any alleged failure by an Iroquois Entity to have any Material Permit necessary for the conduct of the Business.

Permits; Intellectual Property. (a) The Iroquois Entities own PNGTS owns or possess possesses all Permits, patents, copyrights, service marks, trademarks and trade names, or rights thereto, necessary (i) for the operation, ownership and maintenance of the Iroquois PNGTS Pipeline and (ii) for the conduct of the Business, except in each case where the failure to own or possess the same would not reasonably be expected to have a Material Adverse Effect. No Iroquois Entity PNGTS has not received any written notice of any revocation or modification of any such Permit, patent, copyright, service ▇▇▇▇, trademark or trade name nor has it received any written notice that such Permit, patent, copyright, service ▇▇▇▇, trademark or trade name will not be renewed in the ordinary course of business, except, in each case, where such revocation, modification or non-renewal would not reasonably be expected to have a Material Adverse Effect. (b) The Iroquois Entities have PNGTS has made all declarations and filings with the appropriate Governmental Authorities that are necessary for the ownership, maintenance or lease of their its properties and the conduct of the Business, except where the failure to make the same would not reasonably be expected to have a Material Adverse Effect. The Iroquois Entities have To Seller’s Knowledge, PNGTS has complied with all terms and conditions of the Permits, except as would not reasonably be expected to have a Material Adverse Effect, and, except as set forth in Schedule 2.16(b), and no proceeding is pending or threatened with respect to any alleged failure by an Iroquois Entity PNGTS to have any Material Permit necessary for the conduct of the Business.