Common use of Compliance with Laws and Other Matters; Insurance Clause in Contracts

Compliance with Laws and Other Matters; Insurance. The Company and each Group Company: (1) in the conduct of its business is in compliance in all material respects with all, and the condition and use of its properties does not violate or infringe in any material respect any, applicable laws, statutes, ordinances, licenses, rules, regulations, judgments, demands, writs, injunctions, orders, decrees, rules, circulars or notices applicable thereto or to employees conducting its business, including the Xxxxxxxx-Xxxxx Act of 2002; (2) except as disclosed in the SEC Documents, has all material permits, licenses, franchises, authorizations, orders, and approvals of, and has made all filings, applications, and registrations with, Governmental Entities that are required in order to permit it to own or lease its properties and assets and to carry on its business as presently conducted and that are material to the business of the Company or such Group Company; all such permits, licenses, certificates of authority, orders and approvals are in full force and effect, and all such filings, applications and registrations are current, and, to the knowledge of the Company, no suspension or cancellation of any of them is threatened; (3) currently is complying in all material respects with and, to the knowledge of the Company, is not under investigation with respect to, nor has been given notice of any material violation of, all applicable laws, regulations, rules, judgments, injunctions, decrees rules, circulars or notices; and (4) is presently insured, and during each of the past two calendar years (or during such lesser period of time as the Company has owned such Group Company) has been insured, for reasonable amounts with, to the knowledge of the Company, financially sound and reputable insurance companies against such risks as companies engaged in a similar business would, in accordance with industry practice, customarily be insured.