Common use of Governmental Licenses and Permits Clause in Contracts

Governmental Licenses and Permits. (a) Excluding Environmental Permits (which are covered solely in Section 3.11), and except as has not had and would not reasonably be expected to result in material liability to the Business, the Sellers hold all governmental qualifications, registrations, filings, privileges, franchises, licenses, permits, approvals or authorizations that are required for the operation of the Transferred Assets or the Business as conducted by the Sellers (collectively, “Material Permits”). (b) Excluding Environmental Permits (which are covered solely in Section 3.11), none of the Sellers is in default under or violation of any of the Material Permits in any material respect or has Knowledge of any facts, conditions or circumstances that would reasonably be expected to result in the suspension or revocation of, or prevent the renewal of, any such Material Permits.

Governmental Licenses and Permits. (a) Excluding Environmental Permits (which are covered solely in Section 3.113.13), and except as has not had and would not reasonably be expected to result in material liability to the Business, the Sellers and the Business Subsidiaries hold all governmental qualifications, registrations, filings, privileges, franchises, licenses, permits, variances, approvals or authorizations that are required Related to the Business, except for those the operation absence of which would not reasonably be expected to have, individually or in the Transferred Assets or the Business as conducted by the Sellers aggregate, a Material Adverse Effect (collectively, “Material Permits”). (b) Excluding Environmental Permits (which are covered solely in Section 3.113.13), none of the Sellers or the Business Subsidiaries is in default under or violation of any of the Material Permits in any material respect Permits, except such defaults or has Knowledge of any facts, conditions violations as have not had or circumstances that would not reasonably be expected to result have, individually or in the suspension or revocation ofaggregate, or prevent the renewal of, any such a Material PermitsAdverse Effect.