Common use of Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc Clause in Contracts

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon), in each case that are necessary in connection with the Transactions contemplated by the Basic Documents and occurring on the Closing Date, and the continued operation of the Broadcast Stations operated and business conducted, and proposed to be conducted, by the Credit Parties, in substantially the same manner as conducted by the Credit Parties prior to the Closing Date, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. No action, request for stay, petition for review or rehearing, reconsideration or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority to take action to set aside its consent on its own motion shall have expired.

Appears in 4 contracts

Samples: Term Loan Agreement (Lbi Media Inc), Credit Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc)

AutoNDA by SimpleDocs

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon), in each case that are necessary in connection with the Transactions contemplated by the Basic Loan Documents and occurring on the Closing Date, and the continued operation of the Broadcast Stations operated and business conducted, and proposed to be conducted, by the Credit Parties, in substantially the same manner as conducted by the Credit Parties prior to the Closing Date, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. No action, request for stay, petition for review or rehearing, reconsideration or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority to take action to set aside its consent on its own motion shall have expired.

Appears in 2 contracts

Samples: Credit Agreement (Lbi Media Holdings Inc), Lease Agreement (Lbi Media Holdings Inc)

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties Company shall have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) Authorizations and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon)Persons, in each case that are necessary or advisable in connection with the Transactions Acquisition and the Merger, the other transactions contemplated by the Basic Loan Documents and occurring on the Closing DateMerger Agreement, and the continued operation of the Broadcast Stations operated business conducted by Xxxxxxxx-Xxxxx and business conducted, and proposed to be conducted, by the Credit Parties, its Subsidiaries in substantially the same manner as conducted by the Credit Parties prior to the Closing Dateconsummation of the Acquisition and the Merger, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected likely to have a Material Adverse EffectEffect on Company or Xxxxxxxx-Xxxxx. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the Acquisition or the Merger or the financing thereof. No action, request for stay, petition for review or rehearing, reconsideration reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority agency to take action to set aside its consent on its own motion shall have expired.

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties Borrower shall have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) Authorizations and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereonincluding from Gaming Authorities), in each case that are necessary or advisable in connection with the Transactions transactions contemplated by the Basic Documents and occurring on the Closing DateSecondFourth Amendment Documents, and the continued operation of the Broadcast Stations operated business conducted by Borrower and business conducted, and proposed to be conducted, by the Credit Parties, its Subsidiaries in substantially the same manner as conducted by the Credit Parties prior to the Closing Date, RestatementFourth Amendment Effective Date and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would could not reasonably be expected to have result in a Material Adverse Effect. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated by the SecondFourth Amendment Documents. No action, request for stay, petition for review or rehearing, reconsideration reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Government Authority to take action to set aside its consent on its own motion shall have expired.

Appears in 1 contract

Samples: Security Agreement (Isle of Capri Casinos Inc)

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Except as set forth on Schedule 5.2(e) to this Amendment, the Credit Parties have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon), in each case that are necessary in connection with the Transactions contemplated by the Basic Documents and occurring on the Closing Date2012 Exchange Transactions, and the continued operation of the Broadcast Stations operated and business conducted, and proposed to be conducted, by the Credit Parties, in substantially the same manner as conducted by the Credit Parties prior to the Closing Amendment Effective Date, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. No action, request for stay, petition for review or rehearing, reconsideration or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority to take action to set aside its consent on its own motion shall have expired.

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

AutoNDA by SimpleDocs

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon), in each case that are necessary in connection with the Transactions contemplated by the Basic Documents and occurring on the Closing Date, and the continued operation of the Broadcast Stations operated and business conducted, and proposed to be conducted, by the Credit Parties, in substantially the same manner as conducted by the Credit Parties prior to the Closing Date, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the Transactions occurring on the Closing Date (including the Pre-Merger/Xxxx-Xxxxx-Xxxxxx Act, as amended). No action, request for stay, petition for review or rehearing, reconsideration or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority to take action to set aside its consent on its own motion shall have expired.

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. The Credit Parties Company and its Subsidiaries shall have obtained all permits, licenses, authorizations or consents from all Governmental Authorities (including the FCC) Authorizations and all consents of other Persons with respect to Material Indebtedness, Liens and agreements listed on Schedule 4.14 (and so identified thereon)Persons, in each case that are necessary or advisable in connection with the Transactions Acquisition, the other transactions contemplated by the Basic Loan Documents and occurring on the Closing DateRelated Agreements, and the continued operation of the Broadcast Stations operated business conducted by Company, the Plessey Entities and business conducted, and proposed to be conducted, by the Credit Parties, their respective Subsidiaries in substantially the same manner as conducted by the Credit Parties prior to the Closing Dateconsummation of the Acquisition, and each of the foregoing shall be in full force and effect, in each case other than those the failure to obtain or maintain which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the Acquisition or the financing thereof. No action, request for stay, petition for review or rehearing, reconsideration reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable Governmental Authority agency to take action to set aside its consent on its own motion shall have expired.

Appears in 1 contract

Samples: Credit Agreement (Mitel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!