Common use of Legal Compliance; Permits Clause in Contracts

Legal Compliance; Permits. (a) Neither Enzon nor any of its Subsidiaries is, in any material respect, in conflict with, or in default or in violation of (i) any Legal Requirement applicable to Enzon or any of its Subsidiaries or by which Enzon or any of its Subsidiaries or any of their respective businesses or properties is, or Enzon believes is reasonably likely to be, bound or affected, (ii) any note, bond, mortgage, indenture, Contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Enzon or any of its Subsidiaries is a party or by which Enzon or any of its Subsidiaries or its or any of their respective properties is bound or affected. As of the date hereof, no investigation or review by any Governmental Authority is pending or has been threatened in a writing delivered to Enzon or any of its Subsidiaries, against Enzon or any of its Subsidiaries. There is no judgment, injunction, order or decree binding upon Enzon or any of its Subsidiaries which has or would reasonably be expected to have the effect of prohibiting or materially impairing any business practice of Enzon or any of its Subsidiaries, any acquisition of property by Enzon or any of its Subsidiaries or the conduct of business by Enzon and its Subsidiaries as currently conducted. (b) Enzon and its Subsidiaries hold, to the extent legally required, all material Permits that are required for the operation of the business of Enzon and its Subsidiaries as currently conducted (collectively, the "Enzon Permits"), except where the failure to hold any such Permits would not materially adversely affect the ability of any party hereto to consummate the transactions contemplated by this Agreement. As of the date hereof, no suspension or cancellation of any Enzon Permits is pending or, to the knowledge of Enzon, threatened. Enzon and its Subsidiaries are in compliance in all material respects with the terms of the Enzon Permits.

Legal Compliance; Permits. (a) Neither Enzon NPS nor any of its Subsidiaries is, in any material respect, in conflict with, or in default or in violation of (i) any Legal Requirement applicable to Enzon NPS or any of its Subsidiaries or by which Enzon NPS or any of its Subsidiaries or any of their respective businesses or properties is, or Enzon NPS believes is reasonably likely to be, bound or affected, (ii) any note, bond, mortgage, indenture, Contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Enzon NPS or any of its Subsidiaries is a party or by which Enzon NPS or any of its Subsidiaries or its or any of their respective properties is bound or affected. As of the date hereof, no investigation or review by any Governmental Authority is pending or has been threatened in a writing delivered to Enzon NPS or any of its Subsidiaries, against Enzon NPS or any of its Subsidiaries. There is no judgment, injunction, order or decree binding upon Enzon NPS or any of its Subsidiaries which has or would reasonably be expected to have the effect of prohibiting or materially impairing any business practice of Enzon NPS or any of its Subsidiaries, any acquisition of property by Enzon NPS or any of its Subsidiaries or the conduct of business by Enzon NPS and its Subsidiaries as currently conducted. (b) Enzon NPS and its Subsidiaries hold, to the extent legally required, all material Permits that are required for the operation of the business of Enzon NPS and its Subsidiaries as currently conducted (collectively, the "Enzon NPS Permits"), except where the failure to hold any such Permits would not materially adversely affect the ability of any party hereto to consummate the transactions contemplated by this Agreement. As of the date hereof, no suspension or cancellation of any Enzon of the NPS Permits is pending or, to the knowledge of EnzonNPS, threatened. Enzon NPS and its Subsidiaries are in compliance in all material respects with the terms of the Enzon NPS Permits.

Legal Compliance; Permits. (a) Neither Enzon nor any of its Subsidiaries is, in any material respect, in conflict with, or in default or in violation of (i) any Legal Requirement applicable to Enzon or any of its Subsidiaries or by which Enzon or any of its Subsidiaries or any of their respective businesses or properties is, or Enzon believes is reasonably likely to be, bound or affected, (ii) any note, bond, mortgage, indenture, Contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Enzon or any of its Subsidiaries is a party or by which Enzon or any of its Subsidiaries or its or any of their respective properties is bound or affected. As of the date hereof, no investigation or review by any Governmental Authority is pending or has been threatened in a writing delivered to Enzon or any of its Subsidiaries, against Enzon or any of its Subsidiaries. There is no judgment, injunction, order or decree binding upon Enzon or any of its Subsidiaries which has or would reasonably be expected to have the effect of prohibiting or materially impairing any business practice of Enzon or any of its Subsidiaries, any acquisition of property by Enzon or any of its Subsidiaries or the conduct of business by Enzon and its Subsidiaries as currently conducted. (b) Enzon and its Subsidiaries hold, to the extent legally required, all material Permits that are required for the operation of the business of Enzon and its Subsidiaries as currently conducted (collectively, the "“Enzon Permits"”), except where the failure to hold any such Permits would not materially adversely affect the ability of any party hereto to consummate the transactions contemplated by this Agreement. As of the date hereof, no suspension or cancellation of any Enzon Permits is pending or, to the knowledge of Enzon, threatened. Enzon and its Subsidiaries are in compliance in all material respects with the terms of the Enzon Permits.

Legal Compliance; Permits. (a) Neither Enzon NPS nor any of its Subsidiaries is, in any material respect, in conflict with, or in default or in violation of (i) any Legal Requirement applicable to Enzon NPS or any of its Subsidiaries or by which Enzon NPS or any of its Subsidiaries or any of their respective businesses or properties is, or Enzon NPS believes is reasonably likely to be, bound or affected, (ii) any note, bond, mortgage, indenture, Contract, agreement, lease, license, permit, franchise or other instrument or obligation to which Enzon NPS or any of its Subsidiaries is a party or by which Enzon NPS or any of its Subsidiaries or its or any of their respective properties is bound or affected. As of the date hereof, no investigation or review by any Governmental Authority is pending or has been threatened in a writing delivered to Enzon NPS or any of its Subsidiaries, against Enzon NPS or any of its Subsidiaries. There is no judgment, injunction, order or decree binding upon Enzon NPS or any of its Subsidiaries which has or would reasonably be expected to have the effect of prohibiting or materially impairing any business practice of Enzon NPS or any of its Subsidiaries, any acquisition of property by Enzon NPS or any of its Subsidiaries or the conduct of business by Enzon NPS and its Subsidiaries as currently conducted. (b) Enzon NPS and its Subsidiaries hold, to the extent legally required, all material Permits that are required for the operation of the business of Enzon NPS and its Subsidiaries as currently conducted (collectively, the "Enzon “NPS Permits"”), except where the failure to hold any such Permits would not materially adversely affect the ability of any party hereto to consummate the transactions contemplated by this Agreement. As of the date hereof, no suspension or cancellation of any Enzon of the NPS Permits is pending or, to the knowledge of EnzonNPS, threatened. Enzon NPS and its Subsidiaries are in compliance in all material respects with the terms of the Enzon NPS Permits.