Common use of Maintenance of Governmental Authorizations Clause in Contracts

Maintenance of Governmental Authorizations. The Company shall, and the Company shall cause its Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 119 consents, concessions, authorizations, approvals or licenses of any government or governmental agency or authority under the laws of Brazil or any jurisdiction having jurisdiction over the Company or its Restricted Subsidiaries, as the case may be, necessary in all cases for the Company and its Restricted Subsidiaries, as the case may be (a) to operate their respective businesses and (b) to perform their respective obligations under the Securities and this Indenture, as the case may be, including, without limitation, any authorization required to obtain and transfer U.S. dollars out of Brazil in connection with payments under the Securities and this Indenture. Notwithstanding the foregoing, the Company and its Restricted Subsidiaries will not be in breach of this covenant by reason of the occurrence of a Dollar Constraint; provided that, in the event of a Dollar Constraint, the Company complies with the applicable requirements described in Section 3.14.

Appears in 1 contract

Samples: Indenture (Brazilian Communitary Antennae LTD)

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Maintenance of Governmental Authorizations. The Company and Net shall, and the Company Net shall cause its the Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 119 125 consents, concessions, authorizations, approvals or licenses of any government or governmental agency or authority under the laws of Brazil or any jurisdiction having jurisdiction over the Company Company, Net or its the Restricted Subsidiaries, as the case may be, necessary in all cases for the Company Company, Net and its the Restricted Subsidiaries, as the case may be (a) to operate their respective businesses and (b) to perform their respective obligations under the Securities and this Indenture, as the case may be, including, without limitation, any authorization required to obtain and transfer U.S. dollars out of Brazil in connection with payments under the Securities and this Indenture. Notwithstanding the foregoing, the Company Company, Net and its the Restricted Subsidiaries will not be in breach of this covenant by reason of the occurrence of a Dollar Constraint; provided that, in the event of a Dollar Constraint, the Company complies with the applicable requirements described in Section 3.143.15.

Appears in 1 contract

Samples: Indenture (Brazilian Communitary Antennae LTD)

Maintenance of Governmental Authorizations. The Company shall, and the Company shall cause its Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 119 consents, concessions, authorizations, approvals or licenses of any government or governmental agency or authority under the laws of Brazil or any jurisdiction having jurisdiction over the Company or its Restricted Subsidiaries, as the case may be, necessary in all cases for the Company and its Restricted Subsidiaries, as the case may be (a) to operate their respective businesses and (b) to perform their respective obligations under the Securities and this Indenture, as the case may be, including, without limitation, any authorization required to obtain and transfer U.S. dollars out of Brazil in connection with payments under the Securities and this Indenture. Notwithstanding the foregoing, the Company and its Restricted Subsidiaries will not be in breach of this covenant by reason of the occurrence of a Dollar Constraint; provided that, in the event of a Dollar Constraint, the Company complies with the applicable requirements described in Section 3.14.

Appears in 1 contract

Samples: Indenture (Net Servicos De Comunicacao S A)

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Maintenance of Governmental Authorizations. The Company and Net shall, and the Company Net shall cause its the Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 119 consents, concessions, authorizations, approvals or licenses of any government or governmental agency or authority under the laws of Brazil or any jurisdiction having jurisdiction over the Company Company, Net or its the Restricted Subsidiaries, as the case may be, necessary in all cases for the Company Company, Net and its the Restricted Subsidiaries, as the case may be (a) to operate their respective businesses and (b) to perform their respective obligations under the Securities and this Indenture, as the case may be, including, without limitation, any authorization required to obtain and transfer U.S. dollars out of Brazil in connection with payments under the Securities and this Indenture. Notwithstanding the foregoing, the Company Company, Net and its the Restricted Subsidiaries will not be in breach of this covenant by reason of the occurrence of a Dollar Constraint; provided that, in the event of a Dollar Constraint, the Company complies with the applicable requirements described in Section 3.143.15.

Appears in 1 contract

Samples: Indenture (Net Servicos De Comunicacao S A)

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