Common use of Compliance with Law; Licenses Clause in Contracts

Compliance with Law; Licenses. Except as set forth in Schedule 3.12 hereto, to the knowledge of the Seller, the Business is in compliance in all material respects with all applicable laws, rules and regulations, except where the failure to so comply would not have a Business Material Adverse Effect. Except as would not have a Business Material Adverse Effect, to the knowledge of the Seller, the Business has all of the Licenses required for the operation of the Business as conducted as of the date of this Agreement. (This Section 3.12 does not relate to environmental matters, which matters are covered instead exclusively in Section 3.18.)