Common use of Permits; Burdensome Agreements Clause in Contracts

Permits; Burdensome Agreements. Schedule 5.20 lists all permits, registrations, licenses, franchises, certifications and other approvals (collectively, the "Approvals") required from Governmental Entities in order for the Business to conduct its business. The Company and the Seller have obtained all the Approvals, which are valid and in full force and effect. Except as disclosed on Schedule 5.20, none of the Approvals is subject to termination by their express terms as a result of the execution of this Agreement by the Seller and the Company, and no further Approvals will be required in order to continue to conduct the business currently conducted by the Business subsequent to the Closing. Except as disclosed in Schedule 5.20, neither the Company nor the Seller is subject to nor bound by any agreement, judgment, decree or order which may materially and adversely affect the properties, assets, business, financial condition or prospects of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizness Online Com)

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Permits; Burdensome Agreements. Schedule 5.20 lists all permits, registrations, licenses, franchises, certifications and other approvals (collectively, the "Approvals") required from Governmental Entities in order for the Business Seller to conduct its businessthe Business. The Company and the Seller have has obtained all the Approvals, which are valid and in full force and effect. Except as disclosed on Schedule 5.20, none of the Approvals is subject to termination by their express terms as a result of the execution of this Agreement by the Seller and the CompanySeller, and to the Seller's knowledge, no further Approvals will be required in order to continue to conduct the business currently conducted by the Business Seller subsequent to the Closing. Except as disclosed in Schedule 5.20, neither the Company nor the Seller is not subject to nor bound by any agreement, judgment, decree or order which may materially and adversely affect the properties, assets, business, financial condition or prospects results of operations of the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizness Online Com)

Permits; Burdensome Agreements. Schedule SCHEDULE 5.20 lists all permits, registrations, licenses, franchises, certifications and other approvals (collectively, the "Approvals") required from Governmental Entities in order for the Business Seller to conduct its businessthe Business. The Company and the Seller have has obtained all the Approvals, which are valid and in full force and effect. Except as disclosed on Schedule SCHEDULE 5.20, none of the Approvals is subject to termination by their express terms as a result of the execution of this Agreement by the Seller and the CompanySeller, and no further Approvals will be required in order to continue to conduct the business currently conducted by the Business Seller subsequent to the Closing. Except as disclosed in Schedule SCHEDULE 5.20, neither the Company nor the Seller is not subject to nor bound by any agreement, judgment, decree or order which may materially and adversely affect the properties, assets, business, financial condition or prospects of the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizness Online Com)

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Permits; Burdensome Agreements. Schedule 5.20 3.21 lists all material permits, registrations, licenses, franchises, certifications and other approvals (collectively, the "Approvals") required from Governmental Entities in order for the Business Company to conduct its businessbusiness (collectively, the "Approvals"). The Company and the Seller have has obtained all the Approvals, which are valid and in full force and effect. Except as disclosed on Schedule 5.203.21, none of the Approvals is subject to termination by their express terms as a result of the execution of this Agreement by the Seller and Company or the Companyconsummation of the Merger, and no further Approvals will be required in order to continue to conduct the business currently conducted by the Business Company subsequent to the Closing. Except as disclosed in Schedule 5.203.21 or in any other schedule hereto, neither the Company nor the Seller is neither subject to nor bound by any agreement, judgment, decree or order which may materially and adversely affect the its properties, assets, business, financial condition or prospects of the Businessprospects.

Appears in 1 contract

Samples: Merger Agreement (Bizness Online Com)

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