Common use of State Food and Drug Laws Clause in Contracts

State Food and Drug Laws. Except as could not reasonably be expected to result in a Material Adverse Effect, each of the Borrower and its Subsidiaries have all requisite licenses, permits, authorizations, consents, clearances, and other approvals under the food and drug Laws of each state in which the Borrower and its Subsidiaries operate (collectively, the “State Permits”) and that are required for the operation of the business of the Borrower and its Subsidiaries under the Laws of such states and such State Permits (i) are valid and in full force and effect, (ii) have not been reversed, stayed, set aside, annulled, or suspended, and (iii) are not subject to any conditions or requirements that are not generally imposed on the holders thereof.

State Food and Drug Laws. Except as could not reasonably be expected to result in a Material Adverse Effect, each of the Borrower Company and its Subsidiaries have all requisite licenses, permits, authorizations, consents, clearances, and other approvals under the food and drug Laws of each state in which the Borrower Company and its Subsidiaries operate (collectively, the “State Permits”) and that are required for the operation of the business of the Borrower Company and its Subsidiaries under the Laws of such states and such State Permits (i) are valid and in full force and effect, (ii) have not been reversed, stayed, set aside, annulled, or suspended, and (iii) are not subject to any conditions or requirements that are not generally imposed on the holders thereof.