Common use of Permits and Compliance Clause in Contracts

Permits and Compliance. Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, charters, easements, variances, exceptions, consents, certificates, approvals and orders of any Governmental Entity necessary for Company and each of its Subsidiaries to own, lease and operate its properties or to carry on its business as it is now being conducted (the “Company Permits”) and no suspension or cancellation of any of the Company Permits is pending or, to the Knowledge of Company, threatened, except where the failure to possess a Company Permit, or the suspension or cancellation of a Company Permit, would not, individually or in the aggregate, have a Material Adverse Effect on Company. Neither Company nor any of its Subsidiaries is, or since June 30, 2012 has been, in violation of (i) its Organizational Documents, (ii) any applicable Law, (iii) any Company Permit, (iv) any Order, (v) any bank regulatory Law or other material bank compliance Law or bank safety and soundness regulatory Law, except, in the case of clauses (ii) through (v), for any violations that would not, individually or in the aggregate, have a Material Adverse Effect on Company or Company Bank. Since June 30, 2012, no written notice of any such violation or non-compliance has been received by Company or any of its Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Great Western Bancorp, Inc.), Agreement and Plan of Merger (Hf Financial Corp)

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Permits and Compliance. Each of the Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, charters, easements, variances, exceptions, consents, certificates, approvals and orders of any Governmental Entity necessary for the Company and each or any of its Subsidiaries to own, lease and operate its properties or to carry on its business as it is now being conducted (the “Company Permits”) and ), except where the failure to have any of the Company Permits would not, individually or in the aggregate, have a Company Material Adverse Effect, and, as of the date of this Agreement, no suspension or cancellation of any of the Company Permits is pending or, to the Knowledge of Companythe Company (as hereinafter defined), threatened, except where the failure to possess a Company Permit, or the suspension or cancellation of a any of the Company Permit, Permits would not, individually or in the aggregate, have a Company Material Adverse Effect on CompanyEffect. Neither the Company nor any of its Subsidiaries is, or since June 30, 2012 has been, is in violation of (i) its Organizational Documentscharter, bylaws or other organizational documents; (ii) any applicable Law, ; or (iii) any Company Permit, (iv) any Order, (v) any bank regulatory Law or other material bank compliance Law or bank safety and soundness regulatory Law, except, in the case of clauses (ii) through and (viii), for any violations that would not, individually or in the aggregate, have a Company Material Adverse Effect on Company or Company BankEffect. Since June 30, 2012, no written No notice of any such violation or non-compliance has been received by the Company or any of its Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Churchill Downs Inc), Agreement and Plan of Merger (Youbet Com Inc)

Permits and Compliance. (a) The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, charters, easements, variances, exceptions, consents, certificates, approvals and orders of any Governmental Entity necessary for the Company and each of its Subsidiaries to own, lease and operate its properties or to carry on its business as it is now being conducted (the "Company Permits”) and no "), except where the failure to have any of the Company Permits would not, individually or in the aggregate, have a Material Adverse Effect on the Company. No suspension or cancellation of any of the Company Permits is pending or, to the Knowledge of Companythe Company (as hereinafter defined), threatened, except where the failure to possess a Company Permit, or the suspension or cancellation of a any of the Company Permit, Permits would not, individually or in the aggregate, have a Material Adverse Effect on the Company. Neither The Company nor any of its Subsidiaries is, or since June 30, 2012 has been, is not in violation of (iA) its Organizational Documentscharter, by-laws or other organizational documents, (iiB) any applicable Lawlaw, ordinance, administrative or governmental rule or regulation, or (iiiC) any Company Permitorder, (iv) decree or judgment of any Order, (v) any bank regulatory Law or other material bank compliance Law or bank safety and soundness regulatory LawGovernmental Entity having jurisdiction over the Company, except, in the case of clauses (iiB) through and (vC), for any violations that would notthat, individually or in the aggregate, would not have a Material Adverse Effect on Company or Company Bank. Since June 30, 2012, no written notice of any such violation or non-compliance has been received by Company or any of its Subsidiariesthe Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Careerbuilder Inc)

Permits and Compliance. Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, charters, easements, variances, exceptions, consents, certificates, approvals and orders of any Governmental Entity necessary for Company and each of its Subsidiaries to own, lease and operate its properties or to carry on its business as it is now being conducted (the “Company Permits”) and no suspension or cancellation of any of the Company Permits is pending or, to the Knowledge of Company, threatened, except where the failure to possess a Company Permit, or the suspension or cancellation of a Company Permit, would not, individually or in the aggregate, have a Material Adverse Effect on Company. Neither Company nor any of its Subsidiaries is, or since June 30, 2012 has been, in violation of (i) its Organizational Documents, (ii) any applicable Law, (iii) any Company Permit, (iv) any Order, (v) any bank regulatory Law or other material bank compliance Law or bank safety and soundness regulatory Law, except, in the case of clauses (ii) through (v), for any violations that would not, individually or in the aggregate, have a Material Adverse Effect on Company or Company Bank. Since June 30, 2012, no written notice of any such violation or non-compliance has been received by Company or any of its Subsidiaries.. Section 3.9

Appears in 1 contract

Samples: Agreement and Plan of Merger (Great Western Bancorp, Inc.)

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Permits and Compliance. (a) Each of the Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, charters, easements, variances, exceptions, consents, certificates, approvals and orders of any Governmental Entity necessary for the Company and each or any of its Subsidiaries to own, lease and operate its properties or to carry on its business as it is now being conducted (the "Company Permits”) and "), except where the failure to have any of the Company Permits would not, individually or in the aggregate, have a Material Adverse Effect on the Company, and, as of the date of this Agreement, no suspension or cancellation of any of the Company Permits is pending or, to the Knowledge of Companythe Company (as hereinafter defined), threatened, except where the failure to possess a Company Permit, or the suspension or cancellation of a any of the Company Permit, Permits would not, individually or in the aggregate, have a Material Adverse Effect on the Company. Neither the Company nor any of its Subsidiaries is, or since June 30, 2012 has been, is in violation of (iA) its Organizational Documentscharter, by-laws or other organizational documents, (iiB) any applicable Lawlaw, ordinance, administrative or governmental rule or regulation or (iiiC) any order, decree or judgment of any Governmental Entity having jurisdiction over the Company Permit, (iv) or any Order, (v) any bank regulatory Law or other material bank compliance Law or bank safety and soundness regulatory Lawof its Subsidiaries, except, in the case of clauses (iiA), (B) through and (vC), for any violations that would notthat, individually or in the aggregate, would not have a Material Adverse Effect on Company or Company Bank. Since June 30, 2012, no written notice of any such violation or non-compliance has been received by Company or any of its Subsidiariesthe Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tellabs Inc)

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