Operating Rights. The Company has all operating authority, ---------------- licenses, franchises, permits, certificates, consents, rights and privileges as are necessary or appropriate to the operation of its business as now or as proposed to be conducted, the absence of which would have a material and adverse effect on the business of the Company ("collectively, the "Permits"). Such Permits are in full force and effect, no violations have been or are expected to have been recorded in respect of any such Permits, and no proceeding is pending or, to the Company's knowledge, threatened that could result in the revocation or limitation of any of such Permits. The Company has conducted its business so as to comply in all material respects with all such Permits.
Appears in 2 contracts
Samples: Subordinated Convertible Note Purchase Agreement (Odetics Inc), Subordinated Convertible Note Purchase Agreement (Iteris Inc)
Operating Rights. The Company has all operating authority, ---------------- licenses, franchises, permits, certificates, consents, rights and privileges (collectively, the "Permits") as are necessary or appropriate to the operation of its business as now or as proposed to be conducted, the absence of which would have a material and adverse effect on the business of the Company ("collectively, the "Permits")Company. Such Permits are in full force and effect, no violations have been or are expected to have been be recorded in respect of any such Permits, and no proceeding is pending or, to the Company's knowledge, or threatened that could result in the revocation or limitation of any of such Permits. The Company has conducted its business so as to comply in all material respects with all such material Permits.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Quicklogic Corporation), Series F Preferred Stock Purchase Agreement (Quicklogic Corporation)
Operating Rights. The To the knowledge of the Company, the Company has all operating authority, ---------------- licenses, franchises, permits, certificates, consents, rights and privileges (collectively "Licenses") as are necessary or appropriate to the operation of its business as now or conducted and, except as set forth in the Schedule of Exceptions, as proposed to be conducted, . To the absence of which would have a material and adverse effect on the business knowledge of the Company ("collectivelyCompany, the "Permits"). Such Permits such Licenses are in full force and effect, no violations have been or are expected to have been recorded in respect of any such PermitsLicenses, and no proceeding is pending or, to the Company's knowledge, or threatened that could result in the revocation or limitation of any of such PermitsLicenses. The Company has conducted its business so as to comply in all material respects with all such PermitsLicenses.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Ward North America Holding Inc), Securities Purchase Agreement (Anchor Pacific Underwriters Inc)
Operating Rights. The Company has all operating authority, ---------------- licenses, franchises, permits, certificates, consents, rights and privileges (collectively, the "Permits") as are necessary or appropriate to the operation of its business as now or as proposed to be conducted, the absence of which would have a material and adverse effect on the business of the Company ("collectively, the "Permits")Company. Such Permits are in full force and effect, no violations have been or are expected to have been recorded in respect of any such Permits, and no proceeding is pending or, to the Company's knowledge, or threatened that could result in the revocation or limitation of any of such Permits. The Company has conducted its business so as to comply in all material respects with all such material Permits.
Appears in 1 contract
Samples: Series E Preferred Stock Purchase Agreement (Quicklogic Corporation)
