Common use of Compliance with Private Authorizations Clause in Contracts

Compliance with Private Authorizations. Section 3.6 of the Meridian -------------------------------------- Disclosure Schedule sets forth a true, accurate and complete list and description of each Private Authorization (other than those with respect to the New Sites) which individually is Material to the Meridian Assets or the Meridian Business, all of which are, to Meridian's current actual knowledge, in full force and effect. To Meridian's knowledge, Meridian has obtained all Private Authorizations (other than those with respect to the New Sites) with respect to the ownership or operation of the Meridian Assets or the conduct of the Meridian Business as currently conducted which, if not obtained and maintained, could, individually or in the aggregate, Materially Adversely Affect Meridian. Meridian is not in breach or violation of, or in default in the performance, observance or fulfillment of, any such Private Authorization, and no Event exists or has occurred, which constitutes, or but for any requirement of giving of notice or passage of time or both would constitute, such a breach, violation or default, under any such Private Authorization, except for such defaults, breaches or violations as do not and will not have in the aggregate any Material Adverse Effect on Meridian. No such Private Authorization is the subject of any pending or, to Meridian's knowledge, threatened attack, revocation or termination.

Appears in 4 contracts

Samples: Asset Purchase Agreement (American Tower Systems Corp), Asset Purchase Agreement (American Tower Systems Corp), Asset Purchase Agreement (American Tower Systems Corp)

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Compliance with Private Authorizations. Section 3.6 of the Meridian -------------------------------------- Disclosure Schedule sets forth a true, accurate and complete list and description of each Private Authorization (other than those with respect to the New Sites) which individually is Material to the Meridian Assets or the Meridian Business, all of which are, to Meridian's current actual knowledge, in full force and effect. To Meridian's knowledge, Meridian has obtained all Private Authorizations (other than those with respect to the New Sites) with respect to the ownership or operation of the Meridian Assets or the conduct of the Meridian Business as currently conducted which, if not obtained and maintained, could, individually or in the aggregate, Materially Adversely Affect Meridian. Meridian is not in breach or violation of, or in default in the performance, observance or fulfillment of, any such Private Authorization, and no Event exists or has occurred, which constitutes, or but for any requirement of giving of notice or passage of time or both would constitute, such a breach, violation or default, under any such Private Authorization, except for such defaults, breaches or violations as do not and will not have in the aggregate any Material Adverse Effect on Meridian. No such Private Authorization is the subject of any pending or, to Meridian's knowledge, threatened attack, revocation or termination.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/)

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