Common use of Possession of Franchises, Licenses, Etc Clause in Contracts

Possession of Franchises, Licenses, Etc. Each of Borrower and its Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 9 contracts

Samples: Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc)

AutoNDA by SimpleDocs

Possession of Franchises, Licenses, Etc. Each of Borrower and its Subsidiaries possesses all material franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for (including specifically all insurance agency licenses) the ownership, maintenance and operation failure of its properties and assets, which to possess could have a Materially Adverse Effect and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 7 contracts

Samples: Term Loan Agreement, Revolving and Term Loan Agreement, Revolving and Term Loan Agreement (Brown & Brown Inc)

Possession of Franchises, Licenses, Etc. Each of Borrower and its Material Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 4 contracts

Samples: Day Revolving Credit Agreement (Office Depot Inc), Credit and Term Loan Agreement (Planet Hollywood International Inc), Contribution Agreement (Planet Hollywood International Inc)

Possession of Franchises, Licenses, Etc. Each of Borrower and its Subsidiaries each Subsidiary possesses all franchises, certificates, licenses, permits permits, and other authorizations from governmental political subdivisions or regulatory authoritieseach Governmental Body, free from unduly burdensome restrictions, that are necessary in any material respect or advisable for the leasing, ownership, maintenance and operation of its respective properties and assets, and neither Borrower nor any of its Subsidiaries Subsidiary is in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Loan Agreement (Fm Properties Inc)

Possession of Franchises, Licenses, Etc. Each of The Borrower and --------------------------------------- its Subsidiaries possesses possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions entities or regulatory authorities, and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its their respective business, properties and assets, and neither the Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Gold Kist Inc)

Possession of Franchises, Licenses, Etc. Each of Borrower and each of its Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authoritiesall Governmental Authorities, free from burdensome restrictions, that (a) are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any (b) the loss of its Subsidiaries possession of which could reasonably be expected to have a Material Adverse Effect, and such Person is not in violation of any thereof in any material respectthereof.

Appears in 1 contract

Samples: Loan Agreement (Craftmade International Inc)

Possession of Franchises, Licenses, Etc. Each of Borrower and its Subsidiaries possesses all franchises, certificates, material licenses, permits permits, franchises and other authorizations from governmental political subdivisions or regulatory authoritiesGovernmental Agencies, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oneita Industries Inc)

Possession of Franchises, Licenses, Etc. Each of The Borrower and its Subsidiaries possesses all material franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither the Borrower nor any of its Subsidiaries is not in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Loan Agreement (Home Stake Oil & Gas Co)

AutoNDA by SimpleDocs

Possession of Franchises, Licenses, Etc. Each of Borrower and its Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties any of their respective material Property and assets, and neither no Borrower nor any of its Subsidiaries is in violation of any thereof in any which would or might have a material respectad verse effect on its business, financial condition or Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

Possession of Franchises, Licenses, Etc. Each of The Borrower --------------------------------------- and its Subsidiaries possesses possess all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its any of their respective properties and assets, and neither the Borrower nor any of its Subsidiaries is in violation of any thereof in any material respectthereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hampshire Funding Inc)

Possession of Franchises, Licenses, Etc. Each of --------------------------------------- Borrower and its Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower nor any of its Subsidiaries is in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

Possession of Franchises, Licenses, Etc. Each of Borrower Borrower, Parent and its Parent's other Subsidiaries possesses all franchises, certificates, licenses, permits and other authorizations from governmental political subdivisions or regulatory authorities, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its properties and assets, and neither Borrower Borrower, nor Parent, nor any of its Parent's other Subsidiaries is in violation of any thereof in any material respect.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Hughes Supply Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.