Common use of Governmental Authorizations and Regulations Clause in Contracts

Governmental Authorizations and Regulations. Schedule 2.15 lists all licenses, franchises, permits and other governmental authorizations held by Seller material to the use of the Purchased Assets. Such licenses, franchises, permits and other governmental authorizations are valid, and Seller has not received any notice that any governmental authority intends to cancel, terminate or not renew any such license, franchise, permit or other governmental authorization. Except as set forth on Schedule 2.15, Seller holds all licenses, franchises, permits and other governmental authorizations, the absence of any of which could have a material adverse effect on the use of the Purchased Assets.

Appears in 10 contracts

Samples: Asset Purchase Agreement (Stratus Services Group Inc), Asset Purchase Agreement (Hyperion Energy, Inc.), Asset Purchase Agreement (Stratus Services Group Inc)

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Governmental Authorizations and Regulations. Schedule 2.15 2.14 lists all licenses, franchises, permits and other governmental authorizations held by Seller material to the use of the Purchased Assets. Such licenses, franchises, permits and other governmental authorizations are valid, and Seller has not received any notice that any governmental authority intends to cancel, terminate or not renew any such license, franchise, permit or other governmental authorization. Except as set forth on Schedule 2.152.14, Seller holds all licenses, franchises, permits and other governmental authorizations, the absence of any of which could have a material adverse effect on the use of the Purchased Assets.

Appears in 4 contracts

Samples: Asset Purchase Agreement (AccountAbilities, Inc.), Asset Purchase Agreement (Stratus Services Group Inc), Asset Purchase Agreement (Stratus Services Group Inc)

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Governmental Authorizations and Regulations. Schedule 2.15 lists all licenses, franchises, permits and other governmental authorizations held by a Seller material to the use of the Purchased Assets. Such licenses, franchises, permits and other governmental authorizations are valid, and neither Seller has not received any notice that any governmental authority intends to cancel, terminate or not renew any such license, franchise, permit or other governmental authorization. Except as set forth on Schedule 2.15, each Seller holds all licenses, franchises, permits and other governmental authorizations, the absence of any of which could have a material adverse effect on the Business or the use of the Purchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Stratus Services Group Inc)

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