Common use of PERMITS, FRANCHISES Clause in Contracts

PERMITS, FRANCHISES. Each Loan Party possesses, and will hereafter possess, all material permits, consents, approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in compliance in all material respects with applicable law.

PERMITS, FRANCHISES. Each Loan Party possesses, and will hereafter possess, possesses all material permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patentspatent rights, copyrights, and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged engaged, except in compliance each case to the extent the failure do so could not reasonably be expected to result in all material respects with applicable lawa Material Adverse Effect.

PERMITS, FRANCHISES. Each Loan Party possesses, and will hereafter possess, possesses all material permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patents, patent rights and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged engaged, except to the extent the failure to possess any such permits, memberships, franchises, contracts, licenses or rights could not reasonably be expected to result in compliance in all material respects with applicable lawa Material Adverse Effect.

PERMITS, FRANCHISES. Each Loan Party possesses, and will hereafter possess, possesses all material permits, consents, approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in compliance in all material respects with applicable law, and each Loan Party will continue to possess the same so long as such Loan Party continues to conduct such business.

PERMITS, FRANCHISES. Each Loan Party possesses, and will hereafter possess, all material permits, consents, approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in compliance in all material respects with applicable lawlaw where the failure to possess such permits, consents, approvals, franchises or licenses could reasonably be expected to have a material adverse effect on the Loan Parties, taken as a whole.