Licenses definition
Examples of Licenses in a sentence
The Company and its Subsidiaries have obtained, and maintain, all of the material Licenses reasonably required to permit the Company and its Subsidiaries to acquire, originate, own, operate, use and maintain their assets substantially in the manner in which they are now operated and maintained and to conduct the business of the Company and its Subsidiaries as currently conducted in all material respects.
Neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Material Adverse Effect.
With respect to the Regulatory Licenses listed on Schedule A, the grant of a security interest (i) in each such Regulatory License that constitutes Collateral, or (ii) in the Equity Securities of any Person that owns or holds each such Regulatory License, in each case, pursuant to the Loan Documents does not violate or require any consent under the terms of each such Regulatory License or Applicable Law under which each such Regulatory License has been issued in any material respect.
The Company and its subsidiaries are in compliance with the terms and conditions of all Governmental Licenses, except where the failure so to comply would not, singly or in the aggregate, result in a Material Adverse Effect.
Each Company Entity has performed in all material respects all obligations imposed on it in the Company IP Licenses, has made all payments required to date, and such Company Entity is not, nor, to the knowledge of the Company, is any other party thereto, in breach or default thereunder, nor has any event occurred that with notice or lapse of time or both would constitute a default thereunder.