Governmental Entity or Accrediting Body Approval. As of the date hereof, there exists no fact or circumstance attributable to the Company, any of its Subsidiaries, or any of the Schools, which would reasonably be expected to have a material adverse impact on Merger Co's or the Company's ability to obtain any authorization, consent, or similar approval from the DOE or any other Education Department, Governmental Entity, or Accrediting Body whose authorization, consent, or similar approval is contemplated in connection with this Agreement, including, without limitation, any authorization, consent, or similar approval which must be obtained following the Closing from the DOE or any Education Department or Accrediting Body in order to continue the operations of the Schools as presently conducted.
Governmental Entity or Accrediting Body Approval. As of the date hereof, there exists no fact or circumstance attributable to Merger Co or any of its Subsidiaries or any Equity Investor (or any person or entity that exercises Substantial Control (as such term is defined in Section 4.13) over any of the foregoing), which would reasonably be expected to have a material adverse impact on the Company's or Merger Co's ability to obtain any authorization, consent, or similar approval from the DOE or any other Education Department, Governmental Entity, or Accrediting Body whose authorization, consent, or similar approval is contemplated in connection with this Agreement, including, without limitation, any authorization, consent, or similar approval which must be obtained following the Closing from the DOE or any Education Department or Accrediting Body in order to continue the operations of the Schools as presently conducted; provided that no representation or warranty is made in this Section 4.12 with respect to the effect of the expected leverage of the Company after the Effective Date.
