Common use of Governmental Authorizations and Regulations Clause in Contracts

Governmental Authorizations and Regulations. The Company has all material licenses, franchises, permits and other governmental authorizations necessary to the conduct of its business, as presently conducted and the same are in full force and effect. The business of the Company is being conducted in compliance in all material respects with all applicable licenses, franchises, permits and other governmental authorizations and, to the best knowledge of Sellers, in compliance in all material respects with all applicable laws, ordinances, rules and regulations of all governmental authorities relating to its properties or applicable to its business. Except as set forth on Schedule 2.15, the Company has not received any notice of any alleged violation of any of the foregoing.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Data Transmission Network Corp), Purchase Agreement (Data Transmission Network Corp)

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Governmental Authorizations and Regulations. The Company has all material licenses, franchises, permits and other governmental authorizations necessary to the conduct of its business, as presently conducted conducted, and the same are in full force and effect. The business of the Company is being conducted in compliance in all material respects with all applicable licenses, franchises, permits and other governmental authorizations and, to the best knowledge of Sellers, in compliance in all material respects with all applicable laws, ordinances, rules and regulations of all governmental authorities relating to its properties or applicable to its businessbusiness and in compliance in all material respects with all applicable licenses, franchises, permits and other governmental authorizations. Except as set forth on Schedule 2.152.16 of the Disclosure Schedule, the Company has not received any notice of any alleged violation of any of the foregoing.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Data Transmission Network Corp)

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Governmental Authorizations and Regulations. The Company has all material licenses, franchises, permits and other governmental authorizations necessary to the conduct of its business, as presently conducted and the same are in full force and effect. The business of the Company is being conducted in compliance in all material respects with all applicable licenses, franchises, permits and other governmental authorizations and, to the best knowledge of Sellers, in compliance in all material respects with all applicable laws, ordinances, rules and regulations of all governmental authorities relating to its properties or applicable to its business. Except as set forth on Schedule 2.152.16, the Company has not received any notice of any alleged violation of any of the foregoing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Data Transmission Network Corp)

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