Permit Action definition
Examples of Permit Action in a sentence
No occurrence or event has occurred that could reasonably result in a Governmental Permit Action.
The Company has not received any notification of any Governmental Permit revocation, cancellation, limitation, modification, lapse, suspension, integrity review, withdrawal or other adverse action (collectively “Governmental Permit Action”), and to the Knowledge of the Company or any Seller, no Governmental Permit Action is or has been threatened, undertaken, under investigation, or is pending.
Notwithstanding the foregoing, neither Party shall be required to incur any Liabilities to the third parties that are party to the Non-Assignable Contracts or provide any financial accommodation, in order to obtain any such Third Party Approval or take such Permit Action with respect to the transfer or assignment of any such Non-Assignable Contract or the issuance of any such Transferred Permit.
To the extent that any Third Party Approval or Permit Action has not been obtained or taken, as applicable, prior to Closing, for up to one hundred eighty (180) days after the Closing Date, each Party shall use its commercially reasonable efforts, at the other Party’s request, to endeavor to obtain such Third Party Approval or take such Permit Action.
Except as set forth on Schedule 5.19, neither the Company nor any of its Subsidiaries has received any notification of any Governmental Permit revocation, cancellation, limitation, modification, lapse, suspension, integrity review, withdrawal or other adverse action (collectively “Governmental Permit Action”), and to the Knowledge of the Company or any Seller Party, no Governmental Permit Action is or has been threatened, undertaken, under investigation, or is pending.