Common use of Authorization to do Business Clause in Contracts

Authorization to do Business. The Issuer and its Subsidiaries (i) possess all licenses, certificates, authorizations, approvals and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses in the manner being conducted on the date hereof, excepting any certificate, authorization, approval or permit, the failure to possess which is reasonably not expected to result in a Material Adverse Change and (ii) have not received any notice of proceedings relating to the revocation or modification of any such license, certificate, authorization, approval or permit, nor is the Issuer or any of its Subsidiaries in violation or contravention of, or in default under, any such license, authorization, approval or permit or any decree, order or judgment applicable to the Company or its Subsidiaries, except the effect of which, singly or in the aggregate, is reasonably not expected to result in a Material Adverse Effect.

Authorization to do Business. The Issuer and its Subsidiaries (i) possess all licenses, certificates, authorizations, approvals and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businesses in the manner being conducted on the date hereofbusinesses, as presently conducted, excepting any license, certificate, authorization, approval or permit, the failure to possess which is which, singly or in the aggregate, could not reasonably not be expected to result in a Material Adverse Change Effect and (ii) have not received any notice of proceedings relating to the revocation or modification of any such license, certificate, authorization, approval or permit, nor is the Issuer or any of its Subsidiaries in violation or contravention of, or in default under, any such license, authorization, approval or permit or any decree, order or order, judgment applicable to the Company Issuer or its Subsidiaries, except Subsidiaries the effect of which, singly or in the aggregate, is could reasonably not be expected to result in a Material Adverse Effect.