Assignment of Permits and Licenses Sample Clauses
The Assignment of Permits and Licenses clause governs the transfer of any governmental or regulatory permits and licenses from one party to another, typically in the context of a business sale or asset transfer. This clause outlines the process by which the seller must assign or assist in assigning all necessary permits and licenses required for the buyer to continue lawful operations, and may specify any conditions or approvals needed for such assignments. Its core practical function is to ensure that the buyer can legally operate the acquired business or assets without interruption, thereby minimizing regulatory risk and facilitating a smooth transition.
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Assignment of Permits and Licenses. The term “Assignment of Permits and Licenses” shall mean a collateral assignment in form and substance acceptable to Lender, executed by Borrower to Lender, assigning all permits, licenses and other agreements affecting the Property and/or necessary or desirable for the ownership, use and operation thereof, as and if same shall come into existence.
Assignment of Permits and Licenses. Seller shall execute and deliver to Buyer assignments of all governmental permits and licenses with respect to the Properties, to the extent they are assignable.
Assignment of Permits and Licenses. Assignment of Permits and Licenses from LBO to Lender assigning, to the extent assignable, all building permits for the Project, together with all other permits, authorizations, licenses, approvals, patents, tradenames or other rights as may be necessary to enable Lender to complete the Project.
Assignment of Permits and Licenses. Assignment of Permits and Licenses from Mount Snow to Lender assigning, to the extent assignable, all building permits for the Project, together with all other permits, authorizations, licenses, approvals, patents, tradenames or other rights as may be necessary to enable Lender to complete the Project.
Assignment of Permits and Licenses. Assignment of Permits and Licenses from Borrower to Lender assigning, to the extent assignable, ail building permits for the Project, together with all other permits, authorizations, licenses, approvals, patents, tradenames or other rights as may be necessary to enable Lender to complete the Project.
Assignment of Permits and Licenses. Assignment of Permits and Licenses from Borrower to Lender assigning, to the extent assignable, all building permits for the Alpine Valley Project, together with all other permits, authorizations, licenses, approvals, patents, tradenames or other rights as may be necessary to enable Lender to complete the Alpine Valley Project.