Common use of Conduct of Business; Compliance with Law Clause in Contracts

Conduct of Business; Compliance with Law. The Company has all requisite corporate power and authority, and has all necessary Permits, to own or lease its properties and conduct its business, except where the failure to have such Permits would not have a Material Adverse Effect. The Company is not in violation of, and has been operating its business in compliance with all such Permits, except where such noncompliance would not have a Material Adverse Effect. The Company is in compliance with all Laws, except where noncompliance, singly or in the aggregate, would not have a Material Adverse Effect. The Company is not in violation of any term or provision of its certificate of incorporation or by-laws.