Common use of BCBSA License Clause in Contracts

BCBSA License. Virginia BCBS is in full compliance with the requirements of the Blue Cross License Agreement, dated as of November 16, 1995, between Virginia BCBS and the Blue Cross and Blue Shield Association (the "BCBSA"), and the Virginia Blue Shield License Agreement, dated as of November 16, 1995, between Virginia BCBS and the BCBSA, except in each case where noncompliance could not reasonably be expected to have a Material Adverse Effect. Upon execution thereof by the Company on or prior to the Effective Date, the License Agreement attached as Exhibit 10.1 to the Registration Statement (the "New License Agreement") shall become effective and enforceable against the Company and, to the best of the Company's and Virginia BCBS' knowledge, the BCBSA in accordance with its terms. Each of Virginia BCBS's subsidiaries that is required by the BCBSA as of the date hereof, or that will be required by the BCBSA as of the Closing Time, to be a party to a Blue Cross Affiliate License Agreement is in full compliance with the requirements of such agreement, except in each case where noncompliance could not reasonably be expected to have a Material Adverse Effect.