Broadband Approvals Sample Clauses
The Broadband Approvals clause establishes the requirement for obtaining all necessary permissions, consents, or authorizations related to the installation and operation of broadband services. In practice, this clause typically obligates one party—often the service provider or property owner—to secure approvals from relevant authorities, building management, or regulatory bodies before broadband infrastructure can be installed or activated. Its core function is to ensure legal compliance and prevent project delays by clarifying responsibility for securing all required broadband-related permissions.
Broadband Approvals. Each Loan Party possesses all Permits and approvals from each Governmental Authority necessary to own and operate any Interactive Broadband Network or any other local or long distance telecommunications systems presently operated by such Loan Party or otherwise for the operations of their businesses and are not in violation thereof, except where the failure to so possess could not reasonably be expected to have a Material Adverse Effect. All material approvals from each Governmental Authority are in full force and effect and no event has occurred that permits, or after notice or lapse of time could permit, the revocation, termination or material and adverse modification of any such approval.
Broadband Approvals. Except as set forth on Schedule 7.12, each Loan Party possess approvals from each Governmental Authority necessary (i) to enter into and perform the respective obligations of each Loan Party under each Loan Document to which it is a party (including the granting of guarantees and security interests thereunder) and (ii) to own and operate any Interactive Broadband Network or any other long distance telecommunications systems presently operated by such Loan Party or otherwise for the operations of their businesses and are not in violation thereof, except (in the case of clause (ii) only) where the failure to so possess could not reasonably be expected to have a Material Adverse Effect. All material approvals from each Governmental Authority are in full force and effect and no event has occurred that permits, or after notice or lapse of time could permit, the revocation, termination or material and adverse modification of any such approval.