Material Governmental Authorization definition

Material Governmental Authorization means any Governmental Authorization of the HPUC that authorizes the Borrower or its Subsidiaries to conduct its business or any Governmental Authorization the termination or withdrawal of which could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
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Material Governmental Authorization shall have the meaning given in Section 4.24.
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Examples of Material Governmental Authorization in a sentence

  • Seller is in compliance with its obligations under each of the Material Governmental Authorizations and the rules and regulations of the Governmental Body issuing such Material Governmental Authorizations, and no condition exists that (with or without notice or lapse of time or both) would constitute a default under, or a violation of, any Material Governmental Authorization.

  • There is no, and since January 1, 2015 there has been no, revocation, withdrawal, suspension, cancellation, termination of, modification to or nonrenewal of any Material Governmental Authorization pending or, to the Knowledge of the Company, threatened, except for such revocations, withdrawals, suspensions, cancellations, terminations, modifications or nonrenewals undertaken by the Company or its applicable Subsidiary.

  • Each Material Governmental Authorization is valid and in full force and effect.

  • No suspension or cancellation of any such Material Governmental Authorization is pending or, to the Sellers’ Knowledge, threatened.

  • To Seller’s Knowledge, all Material Governmental Authorizations are valid and in full force and effect and, to Seller’s Knowledge, there exists no threatened suspension, cancellation or invalidation of any Material Governmental Authorization.

  • No Legal Proceeding is pending against any Seller-Related Party or, to the Knowledge of the Sellers, has been threatened, that, if adversely determined would reasonably be expected to result in the revocation or limitation of any Material Governmental Authorization.