Common use of Loss of Permit Clause in Contracts

Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of any Loan Party, or any Loan Party for any reason loses any material license, permit or franchise, or any Loan Party suffers the imposition of any restraining order, escrow, suspension or impounding of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; and, in each case such revocation, failure or loss could reasonably be expected to have a Material Adverse Effect; and such default remains unremedied for a period of 30 days after the earlier of (i) the date upon which a Responsible Officer knew or reasonably should have known of such default or (ii) the date upon which written notice thereof is given to the Company by the Administrative Agent or any Lender; or

Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of any Loan PartyBorrower, or any Loan Party Borrower for any reason loses any material license, permit or franchise, or any Loan Party Borrower suffers the imposition of any restraining order, escrow, suspension or impounding of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; and, in each case such revocation, failure or loss could reasonably be expected to have a Material Adverse Effect; and such default remains unremedied for a period of 30 thirty (30) days after the earlier of (i) the date upon which a Responsible Officer thereof knew or reasonably should have known of such default or (ii) the date upon which written notice thereof is given to the Company Borrower by the Administrative Agent or any LenderAgent; or

Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of any Loan Credit Party, or any Loan Party Credit Party, for any reason reason, loses any material license, permit or franchise, or any Loan Credit Party suffers the imposition of any restraining order, escrow, suspension or impounding of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; and, in each case such revocation, failure or loss could reasonably be expected to have a Material Adverse Effect; and such default remains unremedied for a period of 30 thirty (30) days after the earlier of (i) the date upon which a Responsible Officer knew or reasonably should have known of such default or (ii) the date upon which written notice thereof is given to the Company such Credit Party by the Administrative Agent or any LenderAgent; or