Permit definition
Examples of Permit in a sentence
During the Commercial Production Allseas shall: ● Submit monthly production, uptime, and fuel consumption reports; ● Provide environmental, HSEQ, and compliance reports in accordance with Commercial Recovery Permit requirements; and ● Maintain full operational logs, maintenance records, simulator training records, and cost tracking data.
Except as disclosed on Schedule 4.7, no notice to, declaration, filing or registration with, or authorization, consent, approval or Permit is required to be made or obtained to transfer the Assets or complete the Transaction.
The Company and the Subsidiaries possess all Permits necessary to conduct their respective businesses, except where the failure to possess such Permits would not reasonably be expected to result in a Material Adverse Effect (a “Material Permit”) and neither the Company nor any Subsidiary has received any notice of Proceedings relating to the revocation or modification of any such Material Permit.
No proceeding is pending or, to the Knowledge of Seller, threatened regarding the withdrawal, material modification or revocation of any Permit.
Seller has not received any notice from any Governmental Unit threatening a suspension, revocation, modification or cancellation of any Real Property Permit and there is no reasonable basis for the issuance of any such notice or the taking of any such action.