Necessary Licenses. Chasm and Liquidia each represent and warrant to the other that to each Party’s knowledge each has all necessary licenses from subcontractors and licensors to perform the Activities, and to complete the Deliverables in accordance with this Agreement.
Necessary Licenses. If a Patent or Patents of a Third Party should exist in any country during the Term covering the composition of matter or manufacture of a GSK Development Compound, or the use of a GSK Development Compound in the Field, and GSK determines in good faith and in its sole discretion that it would be impractical or impossible for GSK or any Affiliate manufacture or commercialize such GSK Development Compound without obtaining a royalty bearing license from such Third Party under such Patent or Patents in a particular country (a "Necessary License"), then GSK shall be entitled to a credit, against the any royalty payments due to Anacor upon sales of a Product containing such GSK Development Compound in such country, of an amount [***] to a Third Party under such Necessary License based upon the sales of such Product in such country, such credit not to [***] that would otherwise be due to Anacor on Net Sales of such Product.
Necessary Licenses. Upon receipt by the relevant Proposed SNH Licensee or the Manager of the Necessary Licenses with respect to a Facility, the Proposed SNH Licensee or the Manager shall give the relevant Mariner Licensee prompt written notice.
Necessary Licenses. (a) Schedule 3.14 sets forth a list of each License used by the Company or any of its Subsidiaries in the conduct of its business. True and correct copies of each License set forth on Schedule 3.14, and all amendments thereto to the date hereof,
Necessary Licenses. To the best of the Sellers' knowledge, except as set forth on Schedule 3.20, the Company has all licenses, permits, consents, concessions and other authorizations of governmental, regulatory or administrative agencies or authorities, whether foreign, federal, state, or local (collectively "Licenses"), required to own and lease its properties and assets and to conduct its business as now conducted except where the failure to have such Licenses would not have a Material Adverse Effect. Except as specified in Schedule 3.20 hereto, (or as expressly exempted by Schedule 3.6) no registrations, filings, applications, notices, transfers, consents, approvals, audits, qualifications, waivers or other action of any kind is required by virtue of the execution and delivery of this Agreement, or of the consummation of the transactions contemplated hereby (a) to avoid the loss of any such License, or any asset, property or right pursuant to the terms thereof, or the violation or breach of any law applicable thereto or (b) to enable the Company to hold and enjoy the same after the Closing Date in the conduct of its business as conducted prior to the Closing Date.
Necessary Licenses. Each of the Servicer and the Borrower shall obtain and maintain all necessary licenses, permits and charters required to be obtained by the Servicer and the Borrower, respectively, which failure to obtain would render any portion of the Related Documents unenforceable and would have a material adverse effect on any of the Secured Parties.
Necessary Licenses. Xxxxxxx and its employees, agents and other personnel have, and at all relevant times have had, in full force and effect, all required qualifications, permits, approvals, licenses, and registrations to conduct all activities in all states in which their activities with respect to the Mortgage Loans require them to have such qualifications, permits, approvals, licenses, and registrations pursuant to Applicable Requirements, except where the failure to have, in full force and effect, all required qualifications, permits, approvals, licenses, and registrations has not and would not reasonably be expected to, individually or in the aggregate result in a Xxxxxxx Material Adverse Effect. ARTICLE V
Necessary Licenses. New Servicer and its employees, agents and other personnel have, and at all relevant times have had, in full force and effect all required qualifications, permits, approvals, licenses, and registrations to conduct all activities in all states in which their activities with respect to the Mortgage Loans require them to have such qualifications, permits, approvals, licenses, and registrations pursuant to Applicable Requirements. No Regulatory Impediment. To New Servicer’s knowledge, there is no fact or circumstance relating to New Servicer’s business, operations, financial condition or legal status that might reasonably be expected to impair in any material respect its ability to obtain all consents, orders, authorizations and approvals from any Person necessary for the consummation of the Transactions. ARTICLE VI
Necessary Licenses. Bank represents and warrants that to the best of its knowledge it either has or is exempt from all necessary licenses and permits for the operation of a wholesale sub-prime loan business in the manner contemplated by this Agreement, including all requirements of the Office of Thrift Supervision.
Necessary Licenses. Each of the Company and its Subsidiaries possesses such certificates, authorities, licenses or permits (including, without limitation, authorizations under all relevant insurance laws and regulations) issued by the appropriate local, state, federal or foreign regulatory agencies or bodies (including any Applicable Insurance Regulatory Authority) as are material to, or legally required for, the operation of its business. Neither the Company nor any of its Subsidiaries has received any notice of proceedings relating to, or has reason to believe that any governmental body or agency is considering limiting, suspending, modifying or revoking any such certificate, authority, license or permit.
