Common use of Authorizations and Licenses Clause in Contracts

Authorizations and Licenses. (a) The Company and each of its Subsidiaries own, possess or have obtained all Authorizations that are required by Law in connection with the operation of the business of the Company and of each of its Subsidiaries as presently conducted, or in connection with the ownership, operation or use of the Company Assets except as would not, individually or in the aggregate, have a Material Adverse Effect. (b) The Company or its Subsidiaries, as applicable, lawfully hold, own or use, and have complied with, all such Authorizations, except as would not, individually or in the aggregate, have a Material Adverse Effect. Each Authorization is valid and in full force and effect, and is renewable by its terms or in the Ordinary Course except as would not, individually or in the aggregate, have a Material Adverse Effect. (c) No action, investigation or proceeding is, to the knowledge of the Company, pending in respect of or regarding any such Authorization and none of the Company or any of its Subsidiaries has received notice, whether written or oral, of revocation, non-renewal or material amendments of any such Authorization, or of the intention of any Person to revoke, refuse to renew or materially amend any such Authorization.

Authorizations and Licenses. (a) The Company and each of its Subsidiaries own, possess or have obtained all Authorizations that are required by Law in connection with the operation of the business of the Company and of each of its Subsidiaries as presently or previously conducted, or in connection with the ownership, operation or use of the Company Assets Assets, except as would not, individually or in the aggregate, have a Material Adverse Effect. (b) The Company or its Subsidiaries, as applicable, lawfully hold, own or use, and have complied with, all such Authorizations, except as would not, individually or in the aggregate, have a Material Adverse Effect. Each Authorization is valid and in full force and effect, and is renewable by its terms or in the Ordinary Course Course, except as would not, individually or in the aggregate, aggregate have a Material Adverse Effect. (c) No action, investigation or proceeding isExcept as disclosed in Section 3.1(22)(c) of the Company Disclosure Letter, to the knowledge of the Company, no action, investigation or proceeding is, (i) pending in respect of or regarding any such Authorization and (ii) none of the Company or any of its Subsidiaries has received notice, whether written or oral, of revocation, non-renewal or material amendments of any such Authorization, or of the intention of any Person to revoke, refuse to renew or materially amend any such Authorization.

Authorizations and Licenses. (ai) The Company SMART and each of its the SMART Subsidiaries own, possess or have obtained all Authorizations that are required by Law in connection with the operation of the business of the Company SMART and of each of its Subsidiaries as presently conducted, or in connection with the ownership, operation or use of the Company Assets assets of SMART and the SMART Subsidiaries, except as where the failure to own, possess or obtain any such Authorization would not, individually or in the aggregate, have a Material Adverse Effect. (bii) The Company SMART or its the SMART Subsidiaries, as applicable, lawfully hold, own or use, and have complied with, all such Authorizations, except as would not, individually or in the aggregate, have a Material Adverse Effect. Each Authorization is valid and in full force and effect, and is renewable by its terms or in the Ordinary Course ordinary course, except as would not, individually or in the aggregate, have a Material Adverse Effect. (ciii) No action, investigation or proceeding is, to the knowledge of the CompanySMART, pending in respect of or regarding any such Authorization and none of the Company SMART or any of its the SMART Subsidiaries has received notice, whether written or oral, notice of revocation, non-renewal or material amendments of any such Authorization, or of the intention of any Person person to revoke, refuse to renew or materially amend any such Authorization.