Common use of Licenses and Other Rights; Compliance with Laws Clause in Contracts

Licenses and Other Rights; Compliance with Laws. The Company has all franchises, permits, licenses and other rights and privileges necessary to permit it to own its properties and to conduct its business as presently conducted and is in compliance in all material respects thereunder. The Company and each Subsidiary are in compliance in all material respects with all laws and governmental rules and regulations applicable to their businesses, properties and assets, and to the products and services sold by them, including, without limitation, all such rules, laws and regulations relating to fair employment practices, occupational safety and health and public safety, except where the failure to comply would not have a Material Adverse Effect. The Company is in compliance with the applicable provisions, if any, of the Clinical Laboratories Improvement Act of 1967, as amended.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Organogenesis Inc), Stock Purchase Agreement (Cubist Pharmaceuticals Inc)

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Licenses and Other Rights; Compliance with Laws. The Company has all franchises, permits, licenses and other rights and privileges from Governmental Authorities necessary to permit it to own its properties and to conduct its business as presently conducted and is in compliance in all material respects thereunder. The Company and each Subsidiary are in compliance in all material respects with all laws and governmental rules and regulations applicable to their businessesits business, properties and assets, and to the products and services sold by them, including, without limitation, all such rules, laws and regulations relating to fair employment practices, occupational safety and health and public safety, except where for any non-compliance that could not reasonably be expected to have, individually or in the failure to comply would not have aggregate, a Material Adverse Effect. The Company is in compliance with the applicable provisions, if any, of the Clinical Laboratories Improvement Act of 1967, as amended.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Momenta Pharmaceuticals Inc), Stock Purchase Agreement (Novartis Ag)

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Licenses and Other Rights; Compliance with Laws. The Company has all franchises, permits, licenses and other rights and privileges necessary to permit it to own its properties and to conduct its business as presently conducted and is in compliance thereunder except where the failure to be in all material respects thereundercompliance does not have a Material Adverse Effect. The Company is and each Subsidiary are has been in compliance in all material respects with all laws and governmental rules and regulations applicable to their businessesits business, properties and assets, and to the products and services sold by themit, including, without limitation, all such rules, laws and regulations relating to fair employment practices, occupational safety and health and public safety, except where the failure to comply would be in compliance does not have a Material Adverse Effect. The Company is in compliance with the applicable provisions, if any, of the Clinical Laboratories Improvement Act of 1967, as amended.

Appears in 1 contract

Samples: Stock Purchase Agreement (Regeneron Pharmaceuticals Inc)

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