Common use of Permits, Licenses and Rights Clause in Contracts

Permits, Licenses and Rights. Such Borrower and each Subsidiary of such Borrower own or possess all the patents, trademarks, service marks, trade names, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate their respective properties and to carry on their respective businesses as presently conducted and presently planned to be conducted without, to the best knowledge of such Borrower, conflict with the rights of others.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Exel LTD), Short Term Revolving Credit Agreement (Exel LTD)

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Permits, Licenses and Rights. Such The Borrower and each Subsidiary of such Borrower its Subsidiaries own or possess all the patents, trademarks, service marks, trade names, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate their respective properties and to carry on their respective businesses as presently conducted and presently planned to be conducted without, to the best knowledge of such the Borrower, conflict with the rights of others, except where failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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Permits, Licenses and Rights. Such Borrower and each Subsidiary of such Borrower own or possess all the patents, trademarks, service marks, trade names, copyrights, licenses, franchises, permits and rights with respect to the foregoing necessary to own and operate their respective properties and to carry on their respective businesses as presently currently conducted and presently currently planned to be conducted without, to the best knowledge of such Borrower, conflict with the rights of others.

Appears in 1 contract

Samples: Short Term Revolving Credit Agreement (Xl Capital LTD)

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