Common use of Permits; Compliance Clause in Contracts

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 16 contracts

Samples: Securities Purchase Agreement (Enrich Jose Miguel), Securities Purchase Agreement (Rubicon Technologies, Inc.), Securities Purchase Agreement (Legacy Education Alliance, Inc.)

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Permits; Compliance. a. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the Company Permits”), and there is no action Action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 15 contracts

Samples: Securities Purchase Agreement (Tontine Capital Partners L P), Securities Purchase Agreement (Tontine Capital Partners L P), Securities Purchase Agreement (Broadwind Energy, Inc.)

Permits; Compliance. (i) The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the Company Permits”), and there is no action Action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Standby Purchase Agreement (Tontine Capital Partners L P), Standby Purchase Agreement (Patrick Industries Inc), Standby Purchase Agreement (Patrick Industries Inc)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in material default or violation of, any of the Company Permits. Since December 31, except for 2007, neither the Company nor any such of its Subsidiaries has received any notification with respect to possible conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effectof applicable law.

Appears in 3 contracts

Samples: Securities Purchase Agreement (FNDS3000 Corp), Securities Purchase Agreement (FNDS3000 Corp), Securities Purchase Agreement (FNDS3000 Corp)

Permits; Compliance. The Company and each of its Subsidiaries subsidiaries is in possession of all material franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Lion Group Holding LTD), Securities Purchase Agreement (Lion Group Holding LTD)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all material franchises, grants, authorizations, licenses, permits, easements, variances, exemptionsexceptions, consents, certificates, approvals and orders of any Governmental Entity legally necessary to own, lease and operate its properties and for it to carry on its business and operations as it is they are now being conducted (collectively, the "Company Permits"), and there no suspension or cancellation of any Company Permit is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation Knowledge of any of the Company PermitsSelling Stockholders or the Company, threatened. Neither Except as set forth on Schedule 4.11, the Company nor any of its Subsidiaries is not in conflict with, or in default or violation of, nor, with the giving of notice or lapse of time or both, would be in conflict with, or in default or violation of, (a) any Law applicable thereto or by which any property or asset thereof is bound or (b) any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Penson Worldwide Inc)

Permits; Compliance. a. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”"PERMITS"), and there is no action Action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.such

Appears in 1 contract

Samples: Securities Purchase Agreement (Tower Tech Holdings Inc.)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.Adverse

Appears in 1 contract

Samples: Securities Purchase Agreement (Ab International Group Corp.)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all material franchises, grants, authorizations, licenses, permits, easements, variances, exemptionsexceptions, consents, certificates, approvals and orders of any Governmental Entity legally necessary to own, lease and operate its properties and for it to carry on its business and operations as it is they are now being conducted (collectively, the "Company Permits"), and there no suspension or cancellation of any Company Permit is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation Knowledge of any of the Company PermitsStockholders or the Company, threatened. Neither Except as set forth on Schedule 4.11, the Company nor any of its Subsidiaries is not in conflict with, or in default or violation of, nor, with the giving of notice or lapse of time or both, would be in conflict with, or in default or violation of, (a) any Law applicable thereto or by which any property or asset thereof is bound or (b) any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Penson Worldwide Inc)

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Permits; Compliance. The Company and each of its Subsidiaries subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Youngevity International, Inc.)

Permits; Compliance. a. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the Company Permits”), and there is no action Action pending or, to the knowledge of the CompanyBorrowers, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Note Purchase Agreement (Integrated Electrical Services Inc)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all material franchises, grants, authorizations, licenses, permits, easements, variances, exemptionsexceptions, consents, certificates, approvals and orders of any Governmental Entity legally necessary to own, lease and operate its properties and for it to carry on its business the Business as it is now being conducted (collectively, the “Company Permits”), and there no suspension or cancellation of any Company Permit is no action pending or, to the knowledge Knowledge of the Company, threatened regarding suspension or cancellation of any threatened. Except as set forth on Schedule 4.11, with respect to the ownership of the Company Permits. Neither Assets and the operation of the Business, the Company nor any of its Subsidiaries is not in conflict with, or in default or violation of, nor, with the giving of notice or lapse of time or both, would be in conflict with, or in default or violation of, (a) any Law applicable thereto or by which the Assets are bound or (b) any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Penson Worldwide Inc)

Permits; Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.a

Appears in 1 contract

Samples: Securities Purchase Agreement (Ab International Group Corp.)

Permits; Compliance. The Each of the Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carry on its business as it is now being conducted (collectively, the “Company Permits”), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wave Sync Corp.)

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