Common use of Possession of Permits Clause in Contracts

Possession of Permits. Borrower and each Subsidiary 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 for the ownership, maintenance and operation of any of its properties, assets and Collateral, and Borrower is not in violation of any thereof.

Possession of Permits. Borrower and each Subsidiary 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 for the ownership, maintenance and operation of any of its properties, assets properties and Collateralassets, and Borrower is not in violation of any thereofthereof which violation could reasonably be expected to have a Material Adverse Effect.

Possession of Permits. Borrower and each Subsidiary (if any) possess all material 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 other, similar rights, free from burdensome restrictions, that are necessary for the ownership, maintenance and operation of any of its properties, assets properties and Collateralassets, and neither Borrower nor any Subsidiary is not in violation of any thereof.

Possession of Permits. Each Borrower and each Subsidiary 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 for the ownership, maintenance and operation of any of its properties, assets properties and Collateralassets, and no Borrower or Subsidiary is not in violation of any thereofthereof except where any such failure to possess or violation of any of the foregoing does not have and would not reasonably be expected to cause a Material Adverse Effect.