Common use of Governmental and Industrial Approvals Clause in Contracts

Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and no suspension or cancellation of any of them is threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 3 contracts

Samples: Stock Purchase Agreement (CVC Inc), Stock Purchase Agreement (Lecroy Corp), Stock Purchase Agreement (Lecroy Corp)

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Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses of its business as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and, to the knowledge of the Company and the Principal Shareholders, no suspension or cancellation of any of them is threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 3 contracts

Samples: Warrant Purchase Agreement (Logical Design Solutions Inc), Stock Purchase and Redemption Agreement (Triton Systems Inc / Fa), Warrant Agreement (Logical Design Solutions Inc)

Governmental and Industrial Approvals. The Company and each of ------------------------------------- its Subsidiaries has all the material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and and, to the knowledge of the Company, no suspension or cancellation of any of them is threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be adversely affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Asymetrix Learning Systems Inc)

Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses its business as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and and, to the knowledge of the Company, no suspension or cancellation of any of them is threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Plangraphics Inc)

Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses of its business as presently conducted. All To the knowledge of the Company, all such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and no suspension or cancellation of any of them is threatened, and none . None of such permits, licenses, orders, franchises or other rights and privileges will be affected by the consummation of the transactions contemplated in this Agreement and the Related AgreementsAgreements other than effects which would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Fleetcor Technologies Inc)

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Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the ------------------------------------- material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses its business as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and and, to the knowledge of the Company, no suspension or cancellation of any of them is threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Mainspring Communications Inc)

Governmental and Industrial Approvals. The Company and each of its Subsidiaries has all the ------------------------------------- material permits, licenses, orders, franchises and other rights and privileges of all federal, state, local or foreign governmental or regulatory bodies necessary for the Company and such Subsidiaries to conduct their respective businesses its business as presently conducted. All such permits, licenses, orders, franchises and other rights and privileges are in full force and effect and no suspension or cancellation of any of them is is, to the knowledge of the Company, threatened, and none of such permits, licenses, orders, franchises or other rights and privileges will be adversely affected by the consummation of the transactions contemplated in this Agreement and the Related Agreements.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Opnet Technologies Inc)

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