Possession of Franchises, Licenses. The Borrower possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is not in violation of any thereof in any material respect.
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Samples: Loan Agreement (NYTEX Energy Holdings, Inc.), Loan Agreement (Vsource Inc), Credit Agreement (Arena Resources Inc)
Possession of Franchises, Licenses. The Borrower possesses To the best of Borrowers' knowledge, Borrowers possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is Borrowers are not in violation of any thereof in any material respect.
Appears in 2 contracts
Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.)
Possession of Franchises, Licenses. The Borrower Each of the Borrowers possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and none of the Borrower Borrowers is not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Loan Agreement (Unit Corp)
Possession of Franchises, Licenses. The Etc. Borrower possesses possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, Governmental Authorities that are necessary in any material respect for the ownership, maintenance ownership of the Lots and operation construction of its properties and assetsthe Improvements, and the to Borrower's knowledge, Borrower is not in violation of any thereof in any material respectthereof.
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Possession of Franchises, Licenses. The Borrower possesses Borrowers possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its their respective properties and assets, and the Borrower is Borrowers are not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Middle Bay Oil Co Inc)
Possession of Franchises, Licenses. The Borrower possesses To the best of Borrowers’ knowledge, Borrowers possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is Borrowers are not in violation of any thereof in any material respect.
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Possession of Franchises, Licenses. The Borrower possesses To the best of each Borrowers' knowledge, Borrowers possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and to the Borrower is best of Borrowers' knowledge, Borrowers are not in violation of any thereof in any material respect.
Appears in 1 contract
Possession of Franchises, Licenses. The Etc. Borrower possesses all franchises, certificates, licenses, permits permits, tags, decals and other authorizations from governmental or political subdivisions or regulatory authoritiesauthorities relating to the business of Borrower, and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of any of its properties and assets, and the Borrower is not in violation of any thereof in any material respectthereof.
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Possession of Franchises, Licenses. The Borrower possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its their properties and assets, and the Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
Possession of Franchises, Licenses. The To the best of Borrower’s knowledge, Borrower possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Revolver Loan Agreement (Viking Energy Group, Inc.)
Possession of Franchises, Licenses. The Borrower possesses all ---------------------------------- franchises, certificates, licenses, permits permits, registrations, approvals and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Loan Agreement (Polyphase Corp)
Possession of Franchises, Licenses. The To the best of Borrower's knowledge, Borrower possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Senior Revolver Loan Agreement (Empire Petroleum Corp)
Possession of Franchises, Licenses. The To the best of Borrower's knowledge, Borrower possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and the Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
Samples: Revolver Loan Agreement (Viking Investments Group, Inc.)
Possession of Franchises, Licenses. The Borrower possesses Borrowers possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its their properties and assets, and the no Borrower is not in violation of any thereof in any material respect.
Appears in 1 contract
