Permits, Licenses and Franchises. That RUS shall have received satisfactory evidence that the Awardee has obtained the permits, licenses, franchises and other approvals identified on Schedule 1;
Permits, Licenses and Franchises. Schedule 3.09 hereto lists (i) all jurisdictions in which Seller and CLIC are licensed to issue the Insurance Contracts and (ii) the lines of business in connection with the Business which Seller and CLIC are authorized to transact in each such jurisdiction. Seller and CLIC have been duly authorized by the relevant state insurance regulatory authorities to issue the Insurance Contracts that it is currently writing, and was duly authorized to issue the Insurance Contracts that it is not currently writing at the time such Insurance Contracts were issued, in the respective states in which it conducts the Business, except for authorizations the failure of which to have would not, individually or in the aggregate, have a material adverse effect on the Business. Except as set forth on Schedule 3.09, Seller and CLIC have all other Permits necessary to conduct the Business in the manner and in the areas in which the Business is presently being conducted and all such Permits are valid and in full force and effect, except where the failure to have such a Permit would not, individually or in the aggregate, have a material adverse effect on the Business.
Permits, Licenses and Franchises. IGFH has been duly authorized by the relevant state Governmental Authority to transact each of the lines of insurance business in each of the jurisdictions as set forth on Schedule 5.9 hereto. Except as listed on Schedule 5.9 hereto, IGFH has all permits and licenses necessary to conduct its business in the manner and in the areas in which such business is presently being conducted, and all such permits and licenses are valid and in full force and effect, except where the failure to have such a permit or license would not, individually or in the aggregate, have a Material Adverse Effect on the operations of IGFH. Except as listed on Schedule 5.9 hereto, IGFH has not engaged in any activity which would cause revocation or suspension of any such permit or license and no action or proceeding looking to or contemplating the revocation or suspension of any such permit or license is pending or threatened.
Permits, Licenses and Franchises. Purchaser has been duly authorized by the relevant state insurance regulatory authorities to transact variable life insurance and variable annuity business in each of the jurisdictions as set forth on Schedule 4.10 hereto. Except as listed on Schedule 4.10 hereto, Purchaser has all Permits necessary to administer the Business on behalf of VFL in the manner and in the areas in which the Business is presently being conducted, and all such Permits are valid and in full force and effect. Except as listed on Schedule 4.10 hereto, Purchaser has not engaged in any activity which would cause revocation or suspension of any such Permit and no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened.
Permits, Licenses and Franchises. Section 5.18 of the Company Disclosure Letter sets forth as of the date of this Agreement all of the Company's permits, licenses and franchises which are all permits, licenses and franchises from governmental agencies required to conduct its business as now being conducted. The Company has been and is in material compliance with all such permits, licenses and franchises and all such permits, licenses and franchises are in full force and effect.
Permits, Licenses and Franchises. Purchaser and LLANY have been duly authorized by the relevant state insurance regulatory authorities to transact each of the lines of insurance business in each of the jurisdictions as set forth with respect to each such company on Schedule 4.08 hereto. Except as listed on Schedule 4.08 hereto, Purchaser and LLANY have all Permits necessary to conduct the Business in the manner and in the areas in which the Business is presently being conducted, and all such Permits are valid and in full force and effect, except where the failure to have such a Permit would not, individually or in the aggregate, have a material effect on the operations of Purchaser or LLANY. Except as listed on Schedule 4.08 hereto, neither Purchaser nor LLANY has engaged in any activity which would cause revocation or suspension of any such Permit and no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened.
Permits, Licenses and Franchises. Schedule 4.27 lists (i) all jurisdictions in which each Company Insurance Subsidiary is licensed to transact the business of insurance and (ii) the lines of business which each Company Insurance Subsidiary is authorized to transact in each such jurisdiction. Except as listed in Schedule 4.27, to the Knowledge of Company, except as otherwise would not have a material adverse effect on the financial condition, business or results of operation of any Company Business Unit taken as a whole, neither Company nor any Company Insurance Subsidiary has engaged in any activity which would cause revocation or suspension of any license to transact the business of insurance and no action or proceeding looking to or contemplating the revocation or suspension of any license to transact the business of insurance is pending or threatened.
Permits, Licenses and Franchises. To the Knowledge of Merger Partner, except as otherwise would not have a Material Adverse Effect on Merger Partner, neither Merger Partner nor any Merger Partner Insurance Subsidiary has engaged in any activity which would cause revocation or suspension of any license to transact the business of insurance and no action or proceeding looking to or contemplating the revocation or suspension of any license to transact the business of insurance is pending or threatened.
Permits, Licenses and Franchises. JANY is licensed to issue life and health related insurance policies only in the State of New York. JANY has been duly authorized by the New York Department of Insurance to issue the Insurance Contracts that it is currently writing, and was duly authorized to issue the Insurance Contracts that it is not currently writing at the time such Insurance Contracts were issued. Except as set forth on Schedule 2.9 attached hereto, JANY has all Permits necessary to conduct the Insurance Business as currently conducted by JANY. Neither the ownership of its property or assets nor the business conducted by JANY requires the qualification, registration, license or admission in any jurisdiction outside the State of New York, except where the failure to be so qualified, registered, licensed or admitted, individually or in the aggregate, would not have a Material Adverse Effect. All of the Permits
Permits, Licenses and Franchises. Schedule 3.9 attached hereto lists all jurisdictions in which Seller is licensed to issue the Annuity Contracts and each Annuity Contract form utilized in the respective jurisdictions. Seller has been duly authorized by all relevant Governmental Entities to issue the Annuity Contracts that it is currently writing, and was duly authorized to issue the Annuity Contracts that it is not currently writing at the time such Annuity Contracts were issued, in each of the respective jurisdictions in which it conducts the Annuity Business. Except as set forth on Schedule 3.9 attached hereto, Seller has all Permits necessary to conduct the Annuity Business as currently conducted by Seller. All of the Permits are in full force and effect and Seller has not received notice from any Governmental Entity of its intention to revoke or not renew any Permit, except for such failures to have Permits in full force and effect, revocations, non-renewals and other events which do not and will not, individually or in the aggregate, have a Material Adverse Effect.
