Common use of Maintenance of Governmental Authorizations Clause in Contracts

Maintenance of Governmental Authorizations. The Company and Net shall, and Net shall cause the Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 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, Net or the Restricted Subsidiaries, as the case may be, necessary in all cases for the Company, Net and 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, Net and 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 3.15.

Appears in 1 contract

Samples: Supplemental Indenture (Net Servicos De Comunicacao S A)

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Maintenance of Governmental Authorizations. The Company and Net shall, and Net the Company shall cause the its Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 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, Net Company or the its Restricted Subsidiaries, as the case may be, necessary in all cases for the Company, Net Company and the 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, Net Company and the 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 3.153.14.

Appears in 1 contract

Samples: Supplemental Indenture (Net Servicos De Comunicacao S A)

Maintenance of Governmental Authorizations. The Company and Net shall, and Net the Company shall cause the 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, Net Company or the its Restricted Subsidiaries, as the case may be, necessary in all cases for the Company, Net Company and the 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, Net Company and the 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 3.153.14.

Appears in 1 contract

Samples: Brazilian Communitary Antennae LTD

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Maintenance of Governmental Authorizations. The Company and Net shall, and Net shall cause the Restricted Subsidiaries to duly and promptly obtain and maintain in full force and effect all 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, Net or the Restricted Subsidiaries, as the case may be, necessary in all cases for the Company, Net and 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, Net and 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 3.15.

Appears in 1 contract

Samples: Brazilian Communitary Antennae LTD

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