Local Licenses definition
Examples of Local Licenses in a sentence
As of the Closing Date there shall not have occurred any material adverse change, financially or otherwise, which materially impairs the ability of IIBM to conduct its business.
The Customer will be responsible to procure the Business License, Spectrum License, any Local Licenses and permits necessary to establish and operate the System in the Territory.
Contractor/Offerer shall maintain in current status all Federal, State, and Local Licenses and permits required for the operation of the business conducted by the contractor/offerer.
The Parties shall use best efforts to timely submit (as set forth in Article III and Article IV) to the City all documents and forms and to provide such information as is reasonably requested to manage the City Approval process and maintain the Company’s Local Licenses in good standing.
When the Parties are able to confirm in writing that the City has approved both of Company’s Local Licenses to reflect ▇▇▇▇▇’s ownership of the Second Closing Transfer interest, City Approval to the Second Closing shall be deemed to have been received.
Each Grantor agrees, at such Grantors own cost and expense, to cooperate with any such purchaser and with the Collateral Agent in the preparation, execution and filing of any applications and other documents and providing any information that may be necessary or helpful in obtaining the Local Authorities’ consent to the transfer to such purchaser of any of the Local Licenses.
Within ten (10) Business Days after receipt of First Closing Regulatory Approval and until the earlier of the termination of this Agreement or the Second Closing Date, the Parties shall use good faith efforts to seek City approval to the Second Closing Transfer with respect to both of the Company’s Local Licenses (“City Approval to the Second Closing”).
Such receiver or trustee shall be instructed to seek from the Local Authorities (and any other Governmental Authority), its consent to or approval of any transfer of any or all of the Local Licenses of any Person whose stock, partnership interests, other securities or other Collateral is subject to this Agreement to the extent required for such trustee or receiver to assume such control for the purpose of seeking a bona fide purchaser to whom such Local Licenses ultimately will be transferred.