Common use of Compliance with Governmental Authorizations and Applicable Law Clause in Contracts

Compliance with Governmental Authorizations and Applicable Law. (a) ATS has obtained all Governmental Authorizations (collectively, the "ATS Governmental Authorizations") which are necessary for the ownership or operation of the ATS Assets or the conduct of the ATS Business as now conducted and which, if not obtained and maintained, would, individually or in the aggregate, have any Material Adverse Effect on ATS. None of the ATS Governmental Authorizations is subject to any restriction or condition which would limit in a material respect the ownership or operations of the ATS Assets or the conduct of the ATS Business as currently conducted, except for restrictions and conditions generally applicable to ATS Governmental Authorizations of such type. The ATS Governmental Authorizations are valid and in good standing, are in full force and effect and are not impaired by any act or omission of ATS or its officers, directors, employees or agents, and the ownership or operation of the ATS Assets or the conduct of the ATS Business are in accordance with the ATS Governmental Authorizations, except for such exceptions to the foregoing as, individually or in the aggregate, have not had and will not have any Material Adverse Effect on ATS. All material reports, forms and statements required to be filed by ATS with all Authorities with respect to the ATS Business have been filed and are true, complete and accurate in all material respects. No ATS Governmental Authorization is the subject of any pending or, to ATS' knowledge, threatened challenge or proceeding to revoke or terminate any ATS Governmental Authorization which, if revoked or terminated, would have a Material Adverse Effect on ATS.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Radio Systems Corp /Ma/), Agreement and Plan of Merger (American Tower Systems Corp)

AutoNDA by SimpleDocs

Compliance with Governmental Authorizations and Applicable Law. (a) ATS ATC has obtained all Governmental Authorizations (collectively, the "ATS ATC Governmental Authorizations") which are necessary for the ownership or operation of the ATS ATC Assets or the conduct of the ATS ATC Business as now conducted and which, if not obtained and maintained, would, individually or in the aggregate, have any Material Adverse Effect on ATSATC. None of the ATS ATC Governmental Authorizations is subject to any restriction or condition which would limit in a material respect the ownership or operations of the ATS ATC Assets or the conduct of the ATS ATC Business as currently conducted, except for restrictions and conditions generally applicable to ATS ATC Governmental Authorizations of such type. The ATS ATC Governmental Authorizations are valid and in good standing, are in full force and effect and are not impaired by any act or omission of ATS ATC or its officers, directors, employees or agents, and the ownership or operation of the ATS ATC Assets or the conduct of the ATS ATC Business are in accordance with the ATS ATC Governmental Authorizations, except for such exceptions to the foregoing as, individually or in the aggregate, have not had and will not have any Material Adverse Effect on ATSATC. All material reports, forms and statements required to be filed by ATS ATC with all Authorities with respect to the ATS ATC Business have been filed and are true, complete and accurate in all material respects. No ATS ATC Governmental Authorization is the subject of any pending or, to ATS' ATC's knowledge, threatened challenge or proceeding to revoke or terminate any ATS ATC Governmental Authorization which, if revoked or terminated, would have a Material Adverse Effect on ATSATC.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Radio Systems Corp /Ma/), Agreement and Plan of Merger (American Tower Systems Corp)

AutoNDA by SimpleDocs

Compliance with Governmental Authorizations and Applicable Law. (a) ATS ATSI has obtained all Governmental Authorizations (collectively, the "ATS Governmental Authorizations") which are necessary for the ownership or operation of the ATS Assets its assets or the conduct of the ATS Business its business as now conducted and which, if not obtained and maintained, would, individually or in the aggregate, have any Material Adverse Effect material adverse effect on ATS. None of the ATS ATSI's Governmental Authorizations which is material to the ownership and operation of ATSI's assets or the conduct of ATSI's business is subject to any restriction or condition which would limit in a material any respect the ownership or operations of the ATS Assets ATSI's assets or the conduct of the ATS Business ATSI 's business as currently conducted, except for restrictions and conditions (i) generally applicable to ATS Governmental Authorizations of such type, and (ii) that would not, individually or in the aggregate, have a material adverse effect on ATS. The ATS ATSI's Governmental Authorizations which are material to the ownership and operation of ATSI's assets or the conduct of ATSI's business are valid and in good standing, are in full force and effect and are not impaired in any material respect by any act or omission of ATS ATSI or its officers, directors, employees or agents, and the ownership or operation of the ATS Assets ATSI's assets or the conduct of the ATS Business ATSI's business are in accordance in all material respects with the ATS Governmental Authorizations, except for such exceptions to the foregoing as, individually or in the aggregate, have not had and will not have any Material Adverse Effect on ATS. All material reports, forms and statements required to be filed by ATS ATSI with all Authorities with respect to the ATS Business ATSI's business have been filed and are true, complete and accurate in all material respects. No ATS Governmental Authorization which is material to the ownership and operation of ATSI's assets or the conduct of ATSI's business is the subject of any pending or, to ATS' ATSI's knowledge, threatened challenge or proceeding to revoke or terminate any ATS such Governmental Authorization. ATSI has no reason to believe that any such Governmental Authorization which, if revoked or terminated, would have a Material Adverse Effect on ATSnot be renewed in the name of ATSI by the granting Authority in the ordinary course.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Radio Systems Corp /Ma/), Agreement and Plan of Merger (American Tower Systems Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.