Common use of Loss of Licenses Clause in Contracts

Loss of Licenses. (i) The Food and Drug Administration or any other Governmental Authority revokes or fails to renew any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right of the Borrower or any Subsidiary, or the Borrower or any Subsidiary for any reason loses any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right, or the Borrower or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right; and (ii) any event or circumstance described in clause (i) has resulted or is reasonably likely to result in a Material Adverse Effect.

Loss of Licenses. (i) The Food and Drug Administration or any other Governmental Authority revokes or fails to renew any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right of the Borrower any Loan Party or any Subsidiary, or the Borrower any Loan Party or any Subsidiary for any reason loses any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right, or the Borrower any Loan Party or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit, franchise, patent, trademark, service xxxx, trade name, copyright, authorization or other right; and (ii) any event or circumstance described in clause (i) has resulted or is reasonably likely to result in a Material Adverse Effect.

Loss of Licenses. (i) The Food and Drug Administration or any other Governmental Authority revokes or fails to renew any material license, permit, franchise, patent, trademark, service xxxxmark, trade name, copyright, authorization or other right of the Borrower Borroxxx or any Subsidiary, or the Borrower or any Subsidiary for any reason loses any material license, permit, franchise, patent, trademark, service xxxxmark, trade name, copyright, authorization or other right, or the Borrower Borrxxxx or any Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit, franchise, patent, trademark, service xxxxmark, trade name, copyright, authorization or other right; and (ii) any event anx xxent or circumstance described in clause (i) has resulted or is reasonably likely to result in a Material Adverse Effect.