Common use of Permits; Compliance with Law Clause in Contracts

Permits; Compliance with Law. (a) The Company and the Company Subsidiaries hold all authorizations, licenses, permits, certificates, variances, exemptions, approvals, orders, registrations and clearances of any Governmental Entity necessary for the Company and the Company Subsidiaries to own, lease and operate their properties and assets, and to carry on and operate their businesses as currently conducted (collectively, the “Company Permits”), except where the failure to comply with, to obtain or have, or the suspension or cancellation of, or failure to be valid or to be in full force and effect of, any of the Company Permits, would not have and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (New Home Co Inc.), Agreement and Plan of Merger (William Lyon Homes), Agreement and Plan of Merger (Taylor Morrison Home Corp)

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Permits; Compliance with Law. (a) The Except as would not reasonably be expected to have a Company Material Adverse Effect, (i) each of the Company and the Company its Subsidiaries hold is in possession of all franchises, grants, authorizations, licenses, permitseasements, variances, exceptions, consents, certificates, variances, exemptions, approvals, orders, registrations approvals and clearances other permits of any Governmental Entity Authority (“Permits”) reasonably necessary for the Company and the Company Subsidiaries it to own, lease and operate their its properties and assets, and assets or to carry on and operate their businesses its business as currently it is now being conducted (collectively, the “Company Permits”), except where the failure to comply with, to obtain or have, or the suspension or cancellation of, or failure to be valid or to be (ii) all such Company Permits are in full force and effect ofeffect, and (iii) as of the date of this Agreement, no suspension or cancellation of any of the Company PermitsPermits is pending or, would not have and would not reasonably be expected to havethe Knowledge of the Company, individually or threatened in the aggregate, a Company Material Adverse Effectwriting.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Reis, Inc.), Agreement and Plan of Merger (Pinnacle Foods Inc.), Agreement and Plan of Merger (Boulder Brands, Inc.)

Permits; Compliance with Law. (a) The Company and the Company Subsidiaries hold all authorizations, licenses, permits, certificates, variances, exemptions, approvals, orders, registrations and clearances of any Governmental Entity necessary for the Company and the Company Subsidiaries to own, lease and operate their properties and assets, and to carry on and operate their businesses as currently conducted (collectively, the “Company Permits”), except where the failure to comply with, to obtain or have, or the suspension or cancellation of, or failure to be valid or to be in full force and effect of, any of the Company Permits, would has not have had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (AV Homes, Inc.), Agreement and Plan of Merger (Taylor Morrison Home Corp)

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Permits; Compliance with Law. (a) The Each of the Company and the each Company Subsidiaries hold Subsidiary is in possession of all authorizations, licenses, permits, certificates, variancesregistrations, exemptions, approvals, orders, registrations approvals and clearances of any Governmental Entity Entity, and has made all material filings, applications and registrations with any Governmental Entity, in each case that are reasonably necessary for the Company and the each Company Subsidiaries Subsidiary to own, lease and and/or operate their its properties and or other assets, and or to carry on and operate their its respective businesses substantially as currently it is being conducted as of the date hereof (collectively, the “Company Permits”), and all such Company Permits are valid and in full force and effect; except in all cases where the failure to comply with, to obtain or have, or the suspension or cancellation of, or the failure to be valid or to be in full force and effect of, any of the Company Permits, Permits would not have and would not reasonably be expected to havenot, individually or in the aggregate, have or reasonably be expected to have a Company Material Adverse Effect.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Clubcorp Inc)

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