Common use of Licenses; Compliance with Regulatory Requirements Clause in Contracts

Licenses; Compliance with Regulatory Requirements. Except as disclosed in the Recent Reports, the Seller holds all material authorizations, consents, approvals, franchises, licenses and permits required under applicable law or regulation for the operation of the business of the Seller and its Subsidiaries as presently operated (the "GOVERNMENTAL AUTHORIZATIONS"). All the Governmental Authorizations have been duly issued or obtained and are in full force and effect, and the Seller and its Subsidiaries are in material compliance with the terms of all the Governmental Authorizations. The Seller and its Subsidiaries have not engaged in any activity that, to their knowledge, would cause revocation or suspension of any such Governmental Authorizations. The Seller has no knowledge of any facts which would cause the Seller to believe that the Governmental Authorizations will not be renewed by the appropriate governmental authorities in the ordinary course. Neither the execution, delivery nor performance of this Agreement shall adversely affect the status of any of the Governmental Authorizations.

Appears in 3 contracts

Samples: Warrant Purchase Agreement (National Coal Corp), Preferred Stock and Warrant Purchase Agreement (National Coal Corp), Note Purchase Agreement (National Coal Corp)

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Licenses; Compliance with Regulatory Requirements. Except as disclosed in the Recent Reports, the Seller Company holds all material authorizations, consents, approvals, franchises, licenses and permits required under applicable law or regulation for the operation of the business of the Seller Company and its Subsidiaries as presently operated (the "GOVERNMENTAL AUTHORIZATIONS"). All the Governmental Authorizations have been duly issued or obtained and are in full force and effect, and the Seller Company and its Subsidiaries are in material compliance with the terms of all the Governmental Authorizations. The Seller Company and its Subsidiaries have not engaged in any activity that, to their knowledge, would cause revocation or suspension of any such Governmental Authorizations. The Seller Company has no knowledge of any facts which would could reasonably be expected to cause the Seller Company to believe that the Governmental Authorizations will not be renewed by the appropriate governmental authorities in the ordinary course. Neither the execution, delivery nor performance of this Agreement shall adversely affect the status of any of the Governmental Authorizations.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (GlobalOptions Group, Inc.)

Licenses; Compliance with Regulatory Requirements. Except as disclosed in the Recent Reports, the Seller holds Schedule 3.30 lists all material authorizations, consents, approvals, franchises, licenses and permits required under applicable law or regulation for the operation of the business of the Seller and its Subsidiaries as presently operated (the "GOVERNMENTAL AUTHORIZATIONSGovernmental Authorizations"). All Except as otherwise set forth herein, all the Governmental Authorizations have been duly issued or obtained and are in full force and effect, and the Seller and its Subsidiaries are in material compliance with the terms of all the Governmental Authorizations. The Except as otherwise set forth herein, the Seller and its Subsidiaries the Subsidiary have not engaged in any activity that, to their knowledge, that would cause revocation or suspension of any such Governmental Authorizations. The Except as otherwise set forth herein, the Seller has no knowledge of any facts which would could reasonably be expected to cause the Seller them to believe that the Governmental Authorizations will not be renewed by the appropriate governmental authorities in the ordinary course. Neither the execution, delivery nor performance of this Agreement shall adversely affect the status of any of the Governmental Authorizations.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Merlin Software Technologies International Inc)

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Licenses; Compliance with Regulatory Requirements. Except as disclosed in the Recent Reports, the Seller holds all material authorizations, consents, approvals, franchises, licenses and permits required under applicable law or regulation for the operation of the business of the Seller and its Subsidiaries as presently operated (the "GOVERNMENTAL AUTHORIZATIONS"“Governmental Authorizations”). All the Governmental Authorizations have been duly issued or obtained and are in full force and effect, and the Seller and its Subsidiaries are in material compliance with the terms of all the Governmental Authorizations. The Seller and its Subsidiaries have not engaged in any activity that, to their knowledge, would cause revocation or suspension of any such Governmental Authorizations. The Seller has no knowledge of any facts which would cause the Seller to believe that the Governmental Authorizations will not be renewed by the appropriate governmental authorities in the ordinary course. Neither the execution, delivery nor performance of this Agreement shall adversely affect the status of any of the Governmental Authorizations.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Genoil Inc)

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