Permits and Other Operating Rights. Except as set forth in WP Disclosure Schedule Section 4.15 and except with respect to Environmental Permits (which are covered separately in Section 4.17), all permits, licenses, orders, approvals and authorizations required by any applicable law, statute, regulation or Governmental Order, or by the property and contract rights of third Persons, reasonably necessary to permit the operation of the WP Business in the manner currently conducted by the WP Entities and to permit the current occupancy of the WP Real Property by the WP Entities have been obtained or are reasonably expected to be obtained by the WP Entities, except where the failure to possess such permit, license, order, approval, authorization or rights would not result in a Material Adverse Effect on the WP Entities or the WP Business. No WP Partner or WP Entity has received written notice from any Governmental Authority that any such permit, license, order, approval or authorization has been, or will be, revoked or terminated.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny), Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Schuler James K)
