Requisite Permits definition
Examples of Requisite Permits in a sentence
If any Requisite Permits have not been obtained by such date the Seller shall continue to cause the Transferred Subsidiaries to obtain them (including assisting the Purchaser and its Affiliates post-Closing if necessary), and shall indemnify the Purchaser Indemnified Parties for any Losses resulting from the failure to obtain the Requisite Permits.
As soon as practicable after the date of the Original MPA and in any event by no later than two months after the Financial Cut-Off Date, the Seller shall (a) cause the Transferred Subsidiaries to obtain the Requisite Permits (to the extent not so obtained as of the date of the Original MPA), and (b) promptly provide Purchaser Parent and the Purchaser with documentary evidence thereof.
Except as disclosed on Disclosure Schedule 3.24, each Company has, since August 25, 2022, complied and is presently in compliance, in all material respects, with all Requisite Permits and all applicable Laws, including Environmental Laws, including holding all Requisite Permits required under Environmental Laws for the operation of the Business as currently conducted.
As soon as practicable after the date hereof and in any event by no later than two months after the Financial Cut-Off Date, the Seller shall (a) cause the Transferred Subsidiaries to obtain the Requisite Permits (to the extent not so obtained as of the date hereof), and (b) promptly provide Purchaser Parent and the Purchaser with documentary evidence thereof.
To the Knowledge of either Company or the Member, no grounds for revocation, suspension or limitation of any Requisite Permits exist.
Disclosure Schedule 3.10 is a complete and accurate list of all Requisite Permits, including, if applicable, the expiration dates thereof.
The copies of the Organizational Documents of each Company, as amended, and the copies of all Material Contracts, Requisite Permits and all other leases, instruments, agreements, licenses, permits, certificates, site assessments or other documents that have been delivered or made available to Purchaser in connection with the transactions contemplated hereby (the “Delivered Documents”) are complete and accurate and are true and correct copies of the originals thereof.
All Requisite Permits have been duly obtained and are in full force and effect and no Actions are pending or, to the Knowledge of either Company or the Member, threatened that would reasonably result in the revocation, cancellation, suspension, limitation or adverse modification of any of the Requisite Permits.
To the Knowledge of either Company or the Member, each employee of the Companies has the Requisite Permits required for such employee to perform his or her designated duties for the Companies (including valid driver’s licenses and no defaults relating thereto exist).