Common use of Company Authorizations Clause in Contracts

Company Authorizations. Primero and the Primero Subsidiaries have obtained all Authorizations necessary for the ownership, operation, development, maintenance, or use of the material assets of Primero or the Primero Subsidiaries or otherwise in connection with the material business or operations of Primero or the Primero Subsidiaries and such Authorizations are in full force and effect. Primero and the Primero Subsidiaries have fully complied with and are in compliance with all Authorizations, except, in each case, for such non-compliance which, individually or in the aggregate, would not have a Material Adverse Effect on Primero. There is no action, investigation or proceeding pending or, to the knowledge of Primero, threatened regarding any of the Authorizations. None of Primero and the Primero Subsidiaries has received any notice, whether written or oral, of revocation or non-renewal of any such Authorizations, or of any intention of any Person to revoke or refuse to renew any of such Authorizations, except in each case, for revocations or non-renewals which, individually or in the aggregate, would not have a Material Adverse Effect on Primero and all such Authorizations continue to be effective in order for Primero and the Primero Subsidiaries to continue to conduct their respective businesses as they are currently being conducted. No Person other than Primero or any of the Primero Subsidiaries owns or has any proprietary, financial or other interest (direct or indirect) in any of the Authorizations.