Common use of Governmental Authorizations and Regulations Clause in Contracts

Governmental Authorizations and Regulations. Seller is not in violation of any laws, material governmental orders, rules or regulations, whether federal, state or local, to which Seller or the Assets are subject except for any such violations which are not reasonably likely to have a material adverse effect on Purchaser. Seller has prior to the Closing Date delivered to Purchaser a true and correct list of all licenses, franchises, permits and other governmental authorizations held by Seller that are material in connection with Seller 's business related to the ownership and use of the Assets.

Governmental Authorizations and Regulations. Seller is not in violation of any laws, material governmental orders, rules or regulations, whether international, federal, state or local, to which Seller or the Assets are subject except for any such violations which are not reasonably likely to have a material adverse effect on PurchaserSeller. Seller has prior to the Closing Date delivered to Purchaser Buyer a true and correct list of all licenses, franchises, permits and other governmental authorizations held by Seller that are material in connection with Seller Seller's business related to the ownership and use of the Assets.

Governmental Authorizations and Regulations. Seller is not in violation of any laws, material governmental orders, rules or regulations, whether federal, state state, local or localforeign, to which Seller or the Assets are subject except for any such violations which are not reasonably likely to have a material adverse effect on Purchasersubject. Seller has will prior to the Closing Date have delivered to Purchaser Buyer a true and correct list of all licenses, franchises, permits and other governmental authorizations held by Seller that are material in connection with Seller Seller's business related to the ownership and use of the Assets.