Common use of Licenses, Contingent Liabilities, and Labor Controversies Clause in Contracts

Licenses, Contingent Liabilities, and Labor Controversies. (a) Such Transferor 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, unless such failure would not reasonably be expected to have a Material Adverse Effect. (b) There are no labor controversies pending against such Transferor that have had (or would not reasonably be expected to have) a Material Adverse Effect.

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

Licenses, Contingent Liabilities, and Labor Controversies. (a) Such The Transferor 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, unless except such failure would failures to have such licenses, permits, franchises or other governmental authorizations that could not reasonably be expected to have a Material Adverse Effect. (b) There are no labor controversies pending against such the Transferor that have had (or would not could reasonably be expected to have) a Material Adverse Effect.