Common use of Operating Permits and Licenses Clause in Contracts

Operating Permits and Licenses. If any Borrower fails to maintain any permits or licenses which are necessary and required for the ownership, use, occupancy or operation of any facility, if such deficiency would have a Materially Adverse Effect and is not cured within 30 days.

Operating Permits and Licenses. If any the Borrower fails to maintain any permits or licenses which are necessary and required for the ownership, use, occupancy or operation of any facilityits business, if such deficiency would have a Materially Adverse Effect and is not cured within 30 days.