Common use of Licenses and Labor Controversies Clause in Contracts

Licenses and Labor Controversies. 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 be reasonably likely to have a Material Adverse Effect; and

Licenses and Labor Controversies. a. 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 be reasonably likely to have a Material Adverse Effect; and b. There are no labor controversies pending against such Originator that have had (or are reasonably likely to have) a Material Adverse Effect.

Licenses and Labor Controversies. (a) 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 be reasonably likely to have a Material Adverse Effect; and (b) There are no labor controversies pending against such Originator that have had (or would have) a Material Adverse Effect.