Common use of Material Permits and Licenses Clause in Contracts

Material Permits and Licenses. The loss, suspension or revocation of, or failure to renew, any license, accreditation or permit now held or hereafter acquired by the Credit Party or any Subsidiary thereof if such loss, suspension, revocation or failure to renew would have a Material Adverse Effect; or the occurrence of any other Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc)

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Material Permits and Licenses. The loss, suspension or revocation of, or failure to renew, any license, accreditation or permit Permit now held or hereafter acquired by the Credit any Loan Party or any Subsidiary thereof if such loss, suspension, revocation or failure to renew would have a Material Adverse Effect; or the occurrence of any other Material Adverse Effect.; or

Appears in 2 contracts

Samples: First Lien Credit Agreement (Prospect Medical Holdings Inc), Second Lien Credit Agreement (Prospect Medical Holdings Inc)

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Material Permits and Licenses. The loss, suspension or revocation of, or failure to renew, any license, accreditation or permit Permit now held or hereafter acquired by the Credit any Loan Party or any Pledged Subsidiary thereof if such loss, suspension, revocation or failure to renew would have a Material Adverse Effect; or the occurrence of any other Material Adverse Effect.or

Appears in 1 contract

Samples: Credit Agreement (Prospect Medical Holdings Inc)

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