Common use of Licenses and Labor Controversies Clause in Contracts

Licenses and Labor Controversies. (a) The Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would be reasonably likely to have a Material Adverse Effect; and (b) There are no labor controversies pending against the Originator that have had (or are reasonably likely to have) a Material Adverse Effect.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Adesa Inc), Purchase and Sale Agreement (Adesa California, LLC), Purchase and Sale Agreement (Minnesota Power & Light Co)

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Licenses and Labor Controversies. (a) The Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would be reasonably likely to have a Material Adverse Effect; and (b) There are no labor controversies pending against the Originator that have had (or are reasonably likely to have) a Material Adverse Effect.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Pilgrims Pride Corp), Purchase and Contribution Agreement (Warren S D Co /Pa/)

Licenses and Labor Controversies. (a) The No Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would be reasonably likely to have a Material Adverse Effect; and (b) There are no labor controversies pending against the any Originator that have had (or are reasonably likely to have) a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Imperial Sugar Co /New/)

Licenses and Labor Controversies. (a) The No Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would be reasonably likely to have a Material Adverse Effect; and. (b) There are no labor controversies pending or overtly threatened against the such Originator that have had (or are reasonably likely to have) have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kansas City Power & Light Co)

Licenses and Labor Controversies. (a) The Such Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would could reasonably be reasonably likely expected to have a Material Adverse Effect; and (b) There are no labor controversies pending against the such Originator that have had (or are could reasonably likely be expected to have) have a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Steel Corp)

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Licenses and Labor Controversies. (a) The Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain would be reasonably likely expected to have a Material Adverse Effect; and (b) There are no labor controversies pending against the Originator that have had (or are reasonably likely to have) a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Vanstar Corp)

Licenses and Labor Controversies. (a) The Such Originator has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or business unless such failure to obtain would could not reasonably be reasonably likely expected to have a Material Adverse Effect; and. (b) There are no labor controversies pending against the such Originator that have had (or are could be reasonably likely expected to have) a Material Adverse Effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (SWIFT TRANSPORTATION Co)

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