Common use of All Necessary Permits Clause in Contracts

All Necessary Permits. The Company and the Subsidiaries possess all licenses, permits, certificates, consents, orders, approvals and other authorizations from, and has made all declarations and filings with, all Governmental Authorities presently required or necessary to own or lease, as the case may be, and to operate their respective properties and to carry on their respective businesses as now conducted (“Permits”), except where the failure to obtain such Permits would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each of the Company and its Subsidiaries has fulfilled and performed all of its obligations with respect to such Permits, except for any such failure to fulfill or perform that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such Permit, except where such revocation, termination or material impairment would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. None of the Company or its Subsidiaries has received any notice of any proceeding relating to revocation or modification of any such Permit, except where such revocation or modification would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Purchase Agreement (CPM Holdings, Inc.), Purchase Agreement (CPM Holdings, Inc.)

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All Necessary Permits. The Company Each of the Company, its Subsidiaries and the Subsidiaries possess Multiband Entities possesses all licenses, permits, certificates, consents, orders, approvals and other authorizations from, and has made all declarations and filings with, all Governmental Authorities Authorities, presently required or necessary to own or lease, as the case may be, and to operate their respective its properties and to carry on their respective its businesses as now or proposed to be conducted as described in the Time of Sale Document and the Final Offering Memorandum (“Permits”), except where the failure to obtain possess such Permits would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each of the Company Company, its Subsidiaries, and its Subsidiaries the Multiband Entities has fulfilled and performed all of its obligations with respect to such Permits, except for any such where the failure to fulfill or perform that such obligations would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such Permit, except where such revocation, termination or material impairment would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. None of the Company Company, its Subsidiaries, or its Subsidiaries the Multiband Entities has received or, to the Company’s Knowledge, believes it will receive any notice of any proceeding relating to revocation or modification of any such Permit, except as described in the Time of Sale Document and the Final Offering Memorandum or except where such revocation or modification would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (Goodman Networks Inc)

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All Necessary Permits. The Each of the Company and the Subsidiaries possess all licenses, permits, certificates, consents, orders, approvals and other authorizations from, and has made all declarations and filings with, all Governmental Authorities Authorities, presently required or necessary to own or lease, as the case may be, and to operate their respective its properties and to carry on their respective its businesses as now or proposed to be conducted as described in the Time of Sale Document and the Final Offering Memorandum (“Permits”), except where the failure to obtain possess such Permits would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each ; each of the Company and its the Subsidiaries has fulfilled and performed all of its obligations with respect to such Permits, Permit except for any such where the failure to fulfill or perform that such obligations would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No ; no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination thereof of any such Permit or results has resulted, or after notice or lapse of time would result, in any other material impairment of the rights of the holder of any such Permit, except where such revocation, termination or material impairment would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. None ; and none of the Company or its the Subsidiaries has received or has any reason to believe it will receive any notice of any proceeding relating to revocation or modification of any such Permit, except as described in the Time of Sale Document and the Final Offering Memorandum or except where such revocation or modification would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (Par Technology Corp)

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