Common use of Governmental Permits, Etc Clause in Contracts

Governmental Permits, Etc. The Company has all franchises, licenses, certificates and other authorizations from such federal, state or local government or governmental agency, department or body that are currently required for the operation of the business of the Company as currently conducted, except where the failure to posses currently such franchises, licenses, certificates and other authorizations is not reasonably expected to have a Material Adverse Effect. The Company has not received any notice of proceedings relating to the revocation or modification of any such permit which, if the subject of an unfavorable decision, ruling or finding, could reasonably be expected to have a Material Adverse Effect.

Appears in 9 contracts

Samples: Purchase Agreement (Ilx Resorts Inc), Securities Purchase Agreement (XTL Biopharmaceuticals LTD), Purchase Agreement (Comstock Homebuilding Companies, Inc.)

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Governmental Permits, Etc. The Company has all franchises, licenses, certificates and other authorizations from such federal, state or local government or governmental agency, department or body that are currently required necessary for the operation of the business of the Company as currently conducted, except where the failure to posses currently such franchises, licenses, certificates and other authorizations is would not reasonably expected to have cause a Material Adverse Effect. The Company has not received any notice of proceedings relating to the revocation or modification of any such permit whichthat, if the subject of an unfavorable decision, ruling or finding, could reasonably be expected to have cause a Material Adverse Effect.

Appears in 1 contract

Samples: Unit Purchase Agreement (Equity Media Holdings CORP)

Governmental Permits, Etc. The Company has all franchises, licenses, certificates and other authorizations from such federal, state or local government or governmental agency, department or body Governmental Authorities that are currently required for the operation of the business of the Company as currently conducted, except where the failure to posses possess currently such franchises, licenses, certificates and other authorizations is not reasonably expected to have a Material Adverse Effect. The Company has not received any notice of proceedings relating to the revocation or modification of any such permit which, if the subject of an unfavorable decision, ruling or finding, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pharmacopeia Drug Discovery Inc)

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Governmental Permits, Etc. The Company has all franchises, licenses, certificates and other authorizations from such federal, state or local government or governmental agency, department or body that are currently required necessary for the operation of the business of the Company as currently conducted, except where the failure to posses currently such franchises, licenses, certificates and other authorizations is not reasonably expected to have a Material Adverse Effect. The Company has not received any notice of proceedings relating to the revocation or modification of any such permit which, if the subject of an unfavorable decision, ruling or finding, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (Genitope Corp)

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