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 Borrower or any Subsidiary, or Borrower or any Subsidiary for any reason loses any material license, permit or franchise, or Borrower or any Subsidiary 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 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 Borrower by Administrative Agent; or

Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of Borrower any Loan Party or any Restricted Subsidiary, or Borrower any Loan Party or any Restricted Subsidiary for any reason loses any material license, permit or franchise, or Borrower any Loan Party or any Restricted Subsidiary suffers the imposition of any restraining order, escrow, suspension or impounding impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; franchise and, in each case 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 thirty (30) 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 Borrower by the Administrative Agent; or;

Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of Borrower the Company or any SubsidiaryGuarantor, or Borrower the Company or any Subsidiary Guarantor for any reason loses any material license, permit or franchise, or Borrower the Company or any Subsidiary Guarantor 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 thirty (30) 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 Borrower the Company or such Guarantor by the Administrative AgentAgent or any Lender; or