Status of Licenses. (a) NWHI and Subsidiary have all state, federal and SRO registrations and licenses that are necessary for their businesses and operations, including, without limitation, (i) a broker-dealer license by Subsidiary with the NASD, (ii) registration by Subsidiary as a broker- dealer with the SEC, (iii) state licenses to conduct business as a broker-dealer in all of the states listed on Schedule 3.16, and (iv) individual insurance agent and/or insurance agency licenses for all of the states listed on Schedule 3.16 (collectively, the "Licenses"). Except as set forth in Schedule 3.16, all such Licenses are valid and in full force and effect and shall remain valid and in full force and effect for the benefit of Buyer at and following the Closing. Seller's personal Licenses to transact the business and operations of NWHI and Subsidiary shall be made available and shall be usable by Buyer to continue the business of NWHI and Subsidiary without interruption at and after the Closing, and such Licenses shall remain in full force and effect and usable by Buyer, NWHI and Subsidiary so long as Seller remains employed by Buyer and/or NWHI or Subsidiary. All of the state and federal Licenses of NWHI and Subsidiary in their businesses and operations are set forth on Schedule 3.16. Except as disclosed thereon as of the Closing, the Licenses identified on Schedule 3.16 are in full force and effect and have not been suspended, modified in any material adverse respect, canceled or revoked, and each of NWHI and Subsidiary has operated and will continue to operate in compliance with all material terms thereof or any renewals thereof.
Status of Licenses. In any year that a reduction of teaching positions is occurring and the School Board is placing teachers on ULA, licensure programs in progress, not awarded by February 15 of such year shall not be considered for purposes of determining ULA within areas of licensure for the following school year. A license awarded after February 15 shall be considered for purposes of reinstatement but not for the current reduction.
Status of Licenses. (a) OAS has all state, federal and local licenses that are necessary for their businesses and operations.
Status of Licenses. BAVARIAN NORDIC and EPIMMUNE hereby acknowledge that this Agreement is an executory contract for the licensing of intellectual property as defined in Section 365(n) of the United States Bankruptcy Code (codified at 11 U.S.C. Section 365(n) et. seq.). If either Party, as debtor in possession, or if a trustee in bankruptcy in a case under the Bankruptcy Code rejects this Agreement, then the other Party shall have the right to elect to retain its rights under this Agreement, as provided in Section 365(n) of the Bankruptcy Code.
Status of Licenses. All Insurance Licenses of the Target Entities are in full force and effect, and each Target Entity is in substantial compliance with all of the terms of such Insurance Licenses. All applications required to have been filed for the renewal of such Insurance Licenses have been duly filed on a timely basis with the appropriate Governmental Authorities. Except as set forth in Schedule 3.22(b) of the Disclosure Schedule, neither of the Target Entities has received, at any time since December 31, 1998, any notice or other communication (whether oral or written) from any Governmental Authority or any other Person regarding (i) any actual, alleged, possible or potential violation of or failure to comply, in some material respect, with any term or requirement of any such Insurance Licenses, or (ii) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination of, or modification to any such Insurance Licenses, which in any instance might reasonably cause, result in or constitute a Material Adverse Effect.
Status of Licenses. (a) The Company has all state and federal licenses that are necessary for its business and operations. All such Licenses are valid and in full force and effect and shall remain valid and in full force and effect for the benefit of Buyer at and following the Closing.
Status of Licenses. As of the Closing, JOY shall possess all necessary permits, zoning classifications and other authorizations, whether city, county, state or federal, which may be needed to conduct adult topless entertainment with the sale of alcoholic beverages on the Property, without any interruption, and all such permits, zoning classifications and authorizations shall be in good order, without any administrative actions pending or concluded that may challenge or present an obstacle to the continued performance of adult topless entertainment or sale of alcoholic beverages at JOY. All necessary transfers of licenses, if any, required for the continued operation of JOY shall have been obtained. The City of Round Rock’s Sexually Oriented Business Permit issued to JOY on or about July 31, 2009, shall be in full force and effect.
Status of Licenses. To the best of Seller's actual knowledge without investigation, Seller has received no notice of any violation, fine or suspension relating to any permits or licenses issued with respect to the Existing Restaurant or the Premises, and no notice asserting that the Existing Restaurant or the Premises is being operated in violation of the terms and provisions of any applicable licenses or permits.
Status of Licenses. (a) Each corporation included within the definition of Company has all state and federal licenses that are necessary for its business and operations including, without limitation, (i) a broker dealer license by FIMI Securities, Inc. with the SEC, and the National Association of Securities Dealers ("NASD"), (ii) state licenses to conduct business as an insurance agency in all of the states listed on Schedule 2.16, and (iii) individual insurance agent licenses for all of the states listed on Schedule 3.16 (the "Licenses"). Except as set forth in Schedule 3.16, all such Licenses are valid and in full force and effect and shall remain valid and in full force and effect for the benefit of Buyer at the Closing. All of the state and federal Licenses of any corporation included within the definition of the Company as utilized by any corporation included within the definition of the Company in its business and operations are set forth on Schedule 3.16. Except as disclosed thereon as of the Closing Date, the Licenses identified on Schedule 3.16 are in full force and effect and have not been suspended, modified in any material adverse respect, canceled or revoked, and any corporation included within the definition of the Company has operated and will continue from the date hereof to the Closing to operate in compliance with all material terms thereof or any renewals thereof.
