Common use of Possession of Licenses Clause in Contracts

Possession of Licenses. Except as set forth in the Disclosure Memorandum, the Company and the Company Subsidiaries possess all franchises, certificates, licenses, permits and other authorizations from Governments and all other Persons, free from burdensome restrictions, that are necessary for the ownership, maintenance and operation of its properties and assets and the conduct of its business, and the Company and the Company Subsidiaries are not in violation thereof.

Appears in 3 contracts

Samples: Share Purchase Agreement (Aremissoft Corp /De/), Share Purchase Agreement (Aremissoft Corp /De/), Share Purchase Agreement (Aremissoft Corp /De/)

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Possession of Licenses. Except as set forth in the Disclosure Memorandum, the Company and the Company Subsidiaries possess possesses all franchises, certificates, licenses, permits and other authorizations from Governments and all other Persons, free from burdensome restrictions, that are necessary for the ownership, maintenance and operation of its properties and assets and the conduct of its business, and the Company and the Company Subsidiaries are is not in violation thereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Se Global Equities Corp), Agreement for Purchase and Sale (Aremissoft Corp /De/)

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