Common use of Licenses; Compliance with Laws Clause in Contracts

Licenses; Compliance with Laws. WFS has all licenses, franchises, permits and authorizations necessary for the lawful conduct by WFS of its business. WFS has not violated, and is not in violation of, any such licenses, franchises, permits or authorizations or any applicable statutes, laws, ordinances, rules or regulations of any federal, state, or local governmental bodies, agencies or subdivisions having, asserting or claiming jurisdiction over it or over any part of its operations.

Licenses; Compliance with Laws. Each of Funding and WFS has have all licenses, franchises, permits and authorizations necessary for the lawful conduct by Funding or WFS of its business. Each of Funding and WFS has have not violated, and is not in violation of, any such licenses, franchises, permits or authorizations or any applicable statutes, laws, ordinances, rules or regulations of any federal, state, or local governmental bodies, agencies or subdivisions having, asserting or claiming jurisdiction over it or over any part of its operations.