Common use of Franchises and Other Rights Clause in Contracts

Franchises and Other Rights. The Company and each of its Subsidiaries has all franchises, permits, licenses and other authority as are necessary to enable them to carry on their respective businesses as now being conducted and is not in default in respect thereof where the absence of such or any such default could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Group Maintenance America Corp), Credit Agreement (Comfort Systems Usa Inc)

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Franchises and Other Rights. The Company and each of its Subsidiaries has all franchises, permits, licenses licenses, patents, trademarks and other intangible assets or authority as are necessary to enable them to carry on their respective businesses as now being conducted and is not in default in respect thereof where the absence of such or any such default could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Group Maintenance America Corp), Credit Agreement (Group Maintenance America Corp), Credit Agreement (Group Maintenance America Corp)

Franchises and Other Rights. The Company and each of its Subsidiaries has have all franchises, permits, licenses licenses, and other authority (collectively, the "Operating Rights") as are necessary to enable them to carry on their respective businesses as now being conducted and is not conducted, failure to have which would in default in respect thereof where the absence aggregate have a Material Adverse Effect. None of such the Company or any such Subsidiary is in default under any of the Operating Rights which default could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Browning Ferris Industries Inc), Revolving Credit Agreement (Browning Ferris Industries Inc)

Franchises and Other Rights. The Company and each of its Subsidiaries has all franchises, permits, licenses and other authority as are necessary to enable them to carry on their respective businesses as now being conducted and is not in default in respect thereof where the absence of such or any such default could reasonably be expected to have a Material Adverse Effect, individually or in the aggregate.

Appears in 2 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc)

Franchises and Other Rights. The Each of the Company and each of its Subsidiaries has all franchises, permits, licenses and other authority as are necessary to enable them it to carry on their respective its businesses as now being conducted and where the absence of such would have a Material Adverse Effect except those listed on Schedule 5.15 hereof. To the best of its knowledge, the Company is not in default in respect thereof where the absence of any of such or any such default could reasonably be expected to have a Material Adverse Effectoperating rights.

Appears in 1 contract

Samples: Revolving Credit Agreement (Firstcity Financial Corp)

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Franchises and Other Rights. The Company and each of its Subsidiaries has all franchises, permits, licenses and other authority as are necessary to enable them to carry on their respective businesses as now being conducted and where the absence of such would have a Material Adverse Effect. To the best of its knowledge, the Company is not in default in respect thereof where the absence of any of such or any such default could reasonably be expected to have a Material Adverse Effectoperating rights.

Appears in 1 contract

Samples: Credit Agreement (Serv Tech Inc /Tx/)

Franchises and Other Rights. The Company and each of its --------------------------- Subsidiaries has all franchises, permits, licenses licenses, patents, trademarks and other intangible assets or authority as are necessary to enable them to carry on their respective businesses as now being conducted and is not in default in respect thereof where the absence of such or any such default could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Encompass Services Corp)

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