Common use of Property; Franchises Clause in Contracts

Property; Franchises. The Company and each of its subsidiaries owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of their business and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not reasonably be likely to have, individually or in the aggregate, a Company Material Adverse Effect.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (United Water Resources Inc), Agreement and Plan of Merger (United Water Resources Inc), Agreement and Plan of Merger (Lyonnaise American Holding Inc Et Al)

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Property; Franchises. The Company and each of its subsidiaries owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of their business its businesses and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not reasonably be likely to havenot, individually or in the aggregate, have a Company Material Adverse Effect.

Appears in 1 contract

Samples: Purchase Agreement (American Water Works Co Inc)

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