Permits definition
Examples of Permits in a sentence
The Company has not received any notice (in writing, or to the Knowledge of Sellers, otherwise) from any Governmental Entity or certification body alleging the violation of, or failure to comply with, any term or requirement of any of the Permits applicable to the Company or Products, or regarding the revocation, withdrawal, suspension, cancellation, termination or modification of any of the Permits.
The Permits (i) are valid and in full force and effect, and (ii) collectively constitute all Permits necessary (A) to enable the Company to conduct its business in all material respects in the manner in which it is presently conducted, (B) to permit the Company to own and use its assets in the manner in which they are currently owned and used, and (C) distribute the Products.
None of such material Permits shall be terminated or impaired or become terminable, in whole or in part, as a result of the completion of transactions contemplated hereby.
Any prepaid charges or fees for transferable Licenses and Permits (if any) for the Unit which are assigned to Purchaser at the Closing for the balance of the period applicable to such prepayment.
The Company has taken all necessary action to maintain such Company Licenses and Permits, except for such failures that would not, individually or in the aggregate, have a Company Material Adverse Effect.