Governmental Approvals; Consents. Company and its Subsidiary currently hold all governmental and administrative consents, permits, approvals, licenses, certificates and franchises which are necessary for the operation of the Business and Assets, all of which are in full force and effect and will remain in full force and effect immediately following the Merger without the payment of any penalty or the incurrence of any additional debt, liability or obligation of any nature whatsoever or the change of any term and no violations of the terms thereof have heretofore occurred within the past three years or, to Company’s Knowledge, exist as of the date of this Agreement, except for such violations which have not had and would not individually, or in the aggregate, have a Company Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Mossimo Inc), Agreement and Plan of Merger (Iconix Brand Group, Inc.)
Governmental Approvals; Consents. Company Acquisition Co. and its Subsidiary subsidiaries currently hold all governmental and administrative consents, permits, approvals, licenses, certificates and franchises which are necessary for the operation of the Business and Assetstheir respective businesses, all of which are in full force and effect and will remain in full force and effect immediately following the Merger without the payment of any penalty or the incurrence of any additional debt, liability or obligation of any nature whatsoever or the change of any term and no violations of the terms thereof have heretofore occurred within the past three years or, to CompanyAcquisition Co.’s Knowledge, exist as of the date of this Agreement, except for such violations which have not had and or would not individuallynot, individually or in the aggregate, have a Company an Acquisition Co. Material Adverse Effect.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Iconix Brand Group, Inc.), Agreement and Plan of Merger (Mossimo Inc)
