Common use of Governmental Permits Clause in Contracts

Governmental Permits. Each of the Partnership Entities has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and the Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities is, and at each Delivery Date will be, in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 7 contracts

Samples: Underwriting Agreement (Access Midstream Partners Lp), Underwriting Agreement (Access Midstream Partners Lp), Access Midstream Partners Lp

AutoNDA by SimpleDocs

Governmental Permits. Each of the Partnership Company Entities has has, or at each Time of Delivery will have, such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and the Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to havenot, individually or in the aggregate, have a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Company Entities ishas, and at each Time of Delivery Date will be, be in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result innot, individually or in the aggregate, result in a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to havenot, individually or in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Niska Gas Storage Partners LLC), Underwriting Agreement (Niska Gas Storage Partners LLC)

Governmental Permits. Each of the Partnership Entities has has, or at each Delivery Date will have, such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and the Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities ishas, and at each Delivery Date will be, be in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Chesapeake Midstream Partners, L.P.), Underwriting Agreement (Chesapeake Midstream Partners, L.P.)

Governmental Permits. Each of the Partnership Entities has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package Statement and the Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and Statement or the Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities is, has and at each Delivery Date will be, is in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Equity Distribution Agreement (Southcross Energy Partners, L.P.)

Governmental Permits. Each of the Partnership Entities Parties has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and the Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities Parties is, and at each Delivery on the Closing Date will be, in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Underwriting Agreement (Access Midstream Partners Lp)

AutoNDA by SimpleDocs

Governmental Permits. Each Except as set forth in Schedule 5.7, each of the Partnership Entities has such permitsAcquired Companies owns, consents, holds or possesses all licenses, franchises, certificates permits, privileges, immunities, registrations, clearances, exemptions, approvals and other authorizations of governmental or regulatory authorities (“governmental permits”) as from a Governmental Body that are necessary to own or lease its properties and entitle it to conduct its business the Business in all material respects as conducted immediately prior to and on the manner described in the Registration Statementdate of this Agreement (collectively, the Pricing Disclosure Package and “Governmental Permits”), or except where the Prospectusfailure to hold such licenses, subject to such qualifications set forth in the Registration Statementpermits, the Pricing Disclosure Package and the Prospectus and except for such governmental permits that, if not obtained, or other authorizations would not reasonably be expected to havenot, individually or in the aggregate, reasonably be expected to adversely affect the Acquired Companies (taken as a Material Adverse Effect; whole) in any material respect. Each of the Governmental Permits owned, held or possessed by any of the Acquired Companies is valid, subsisting and in full force and effect, except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities is, and at each Delivery Date will be, in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result inadversely affect the Acquired Companies (taken as a whole) in any material respect. Except as set forth in Schedule 5.7, individually the operation of the Business as currently conducted is not, and since January 1, 2013 has not been, in material violation of, nor is any Acquired Company in default or in material violation under, any Governmental Permit and, to the aggregateKnowledge of Sellers, a Material Adverse Effect; and no event has occurred that which would prevent the governmental permits from being renewed constitute a default or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder violation of any such governmental permitmaterial term, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually condition or in the aggregate, a Material Adverse Effectprovision of any Governmental Permit.

Appears in 1 contract

Samples: Equity Purchase Agreement (RBC Bearings INC)

Governmental Permits. Each of the Partnership Entities has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (“governmental permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the Registration Statement, the Pricing Disclosure Package and the most recent Preliminary Prospectus, subject to such qualifications set forth in the Registration Statement, the Pricing Disclosure Package and the most recent Preliminary Prospectus and except for such governmental permits that, if not obtained, would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, each of the Partnership Entities is, has and at each Delivery Date will be, is in compliance with the terms and conditions of, all such governmental permits, except where the failure so to comply would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect; and no event has occurred that would prevent the governmental permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such governmental permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Southcross Energy Partners, L.P.

Time is Money Join Law Insider Premium to draft better contracts faster.