Common use of Necessary Permits Clause in Contracts

Necessary Permits. Seller has all material permits, licenses, orders, ratings and approvals of all Governmental Entities necessary to operate the Transferred Business substantially as presently operated, and (1) all of such permits, licenses, orders, ratings and approval are in full force and effect in all material respects, and (2) to the Knowledge of Seller, no suspension or cancellation of any such permit, license, order, rating or approval has been threatened.

Necessary Permits. Seller has all material permits, licenses, franchises, certificates of public convenience, orders, ratings and approvals of all Governmental Entities necessary for it to lawfully operate the Transferred Operations and the Business substantially Premises as presently operatedcurrently operated (the “Necessary Permits”), and (1i) all of such permits, licenses, orders, ratings the Necessary Permits are valid in good standing and approval are in full force and effect in all material respects, and (2ii) to the Knowledge of Seller’s Knowledge, no suspension suspension, modification or cancellation of of, or proceeding related to, any such permit, license, order, rating or approval Necessary Permit has been threatened.