Common use of Licenses and Approvals Clause in Contracts

Licenses and Approvals. (a) Each of the Borrower and the Subsidiaries has all necessary licenses, permits and governmental authorizations, including, without limitation, licenses, permits and authorizations arising under or relating to Environmental Laws and Regulations, to own and operate its properties and to carry on its business as now conducted, the absence of which would have a Material Adverse Effect. (b) To the best of the Borrower’s knowledge, no violation exists of any applicable law pertaining to the ownership or operation of any Facility of the Borrower or any Operator that would have a reasonable likelihood of leading to revocation of any license necessary for the operation of such Facility.

Appears in 5 contracts

Samples: Credit Agreement (Welltower Inc.), Credit Agreement (Health Care Reit Inc /De/), Credit Agreement (Health Care Reit Inc /De/)

AutoNDA by SimpleDocs

Licenses and Approvals. (a) Each of the Borrower and the Subsidiaries has all necessary licenses, permits and governmental authorizations, including, without limitation, licenses, permits and authorizations arising under or relating to Environmental Laws and RegulationsLaws, to own and operate its properties and to carry on its business as now conducted, the absence of which would have a Material Adverse Effect. (b) To the best of the Borrower’s knowledge, no violation exists of any applicable law pertaining to the ownership or operation of any Health Care Facility of the Borrower or any Operator that would have a reasonable likelihood of leading to revocation of any license necessary for the operation of such Health Care Facility.

Appears in 2 contracts

Samples: Credit Agreement (Welltower Inc.), Credit Agreement (Welltower Inc.)

Licenses and Approvals. (a) Each of the Borrower and the Subsidiaries has all necessary licenses, permits and governmental authorizations, including, without limitation, licenses, permits and authorizations arising under or relating to Environmental Laws and Regulations, to own and operate its properties and to carry on its business as now conducted, the absence of which would have a Material Adverse EffectEffect on the Borrowers. (b) To the best of the Borrower’s Omega's knowledge, other than as set forth on Schedule 3.15 hereto, no violation exists of any applicable law pertaining to the ownership or operation of any Facility of the Borrower or any Operator that would have a reasonable likelihood of leading to revocation of any license necessary for the operation of such Facility.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

AutoNDA by SimpleDocs

Licenses and Approvals. (a) Each of the Borrower and the Subsidiaries has all necessary licenses, permits and governmental authorizations, including, without limitation, licenses, permits and authorizations arising under or relating to Environmental Laws and RegulationsLaws, to own and operate its properties and to carry on its business as now conducted, the absence of which would have a Material Adverse Effect. (b) To the best of the Borrower’s knowledge, no violation exists of any applicable law Applicable Law pertaining to the ownership or operation of any Health Care Facility of the Borrower or any Operator that would have a reasonable likelihood of leading to revocation of any license necessary for the operation of such Health Care Facility, the revocation of which would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Welltower Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!