Common use of Regulatory Permits Clause in Contracts

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, businesses and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess each Subsidiary possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective its businesses, and neither the Company Company, nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization authorization, or permit.

Regulatory Permits. The Except as would not cause a Material Adverse Effect, the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitpermits.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.

Regulatory Permits. The Except as would not cause a Material Adverse Effect, the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses (collectively, “Material Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all ------------------- material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries each Subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesthe Company’s or any Subsidiary’s business, as they are currently being conducted (“Material Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The Company and each of its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess ------------------ all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To the Company’s knowledge, the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries ------------------- possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations authorizations, and permits issued by the appropriate federal, state state, or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization authorization, or permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesits business, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries ------------------- possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit, except in each instance which would not have a Material Adverse Effect.

Regulatory Permits. The Company and its subsidiaries the Subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted and as described in the SEC Reports (“Material Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and each of its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as presently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses , and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries the Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses (“Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, provincial, local or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesits business (“Permits”), and neither the Company nor any such subsidiary has and its Subsidiaries have not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and each of its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary which are material to the conduct of their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, businesses and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit. Section 4.15. [Intentionally Omitted.]

Regulatory Permits. The Company and its subsidiaries subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective its businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To the best of the Company's knowledge the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary which are material to conduct their respective businessesits business, and neither the Company nor any such subsidiary of its subsidiaries has received any written notice of proceedings any proceeding relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state provincial, state, local or foreign governmental or regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.

Regulatory Permits. The Each of the Company and its subsidiaries possess the Subsidiaries possesses all material certificates, authorizations and permits issued by the appropriate U.S. federal, state or foreign regulatory authorities materially necessary to conduct their respective businessesits business (“Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective its businesses, and neither the . The Company nor any such subsidiary has not received any notice or otherwise become aware of proceedings any proceedings, inquiries or investigations relating to the revocation or modification of any such certificate, authorization or permitpermit and, to the Company’s knowledge, there is no valid basis for the same.

Regulatory Permits. The Company and its subsidiaries subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such its subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To the Company’s knowledge, the Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations authorizations, and permits issued by the appropriate federal, state state, or foreign regulatory authorities necessary to conduct their respective businessesits business, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization authorization, or permit.

Regulatory Permits. The Company and its subsidiaries and, to the Company's knowledge the Conversion Affiliates, possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries ------------------ possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or a modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all ------------------ material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (the "Permits"), and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (the “Permits”), and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, ------------------ authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (the "Permits"), and neither the Company nor any such subsidiary has not received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The To the best of the Company's knowledge, the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, businesses and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the failure to obtain, or the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (the "Permits"), and neither the Company nor any such subsidiary of its Subsidiaries has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries possess all material ------------------ certificates, authorizations and permits issued by the appropriate federalFederal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To the Company's knowledge, the Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary which are material to the conduct their respective businessesto its business, and neither the Company nor any such subsidiary has not received any written notice of proceedings proceeding relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To its and their best knowledge, the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit. Provided, that this representation and warranty is limited to the level of operations now being conducted.

Regulatory Permits. The Company and its subsidiaries the Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businesses, businesses and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material ------------------ certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses to date, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities Governmental Entities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificatecertificates, authorization authorizations and permits. The execution and delivery by the Company of, and the performance by it of its obligations under, the Transaction Documents and the consummation of the Transactions will not result in a material violation or permitbreach of any of the terms, conditions or provisions of any such any such certificates, authorizations and permits.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.. 

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective its businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit. The Company is not in default in any material respect under any of such permits, licenses or other similar authority.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor 8 9 any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, . authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess ------------------ all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct conduct, in all material respects, their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary which are material to conduct their respective businessesits business, and neither the Company nor any such subsidiary of its Subsidiaries has received any written notice of proceedings any proceeding relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (the “Permits”), and neither the Company nor any such subsidiary of its Subsidiaries has received any notice of proceedings relating to the revocation or material modification of any such certificate, authorization or permitPermit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such material certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitpermit except where the failure to possess such certificates, authorizations and permits would not have a material adverse effect on the business of the Company or any of its subsidiaries.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, businesses and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries the Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state state, local or foreign regulatory authorities necessary to conduct their respective businessesbusinesses as currently conducted (“Material Permits”), and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The To the knowledge of the Companies, the Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess ------------------- all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.. Valmie Resources, Inc. Equity Investment Agreement

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all ------------------- material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries ------------------ possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Material Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Material Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit, except where the failure to possess such certificates, authorizations and permits would not have a material adverse effect on the business, properties, operations, financial condition, results of operations or prospects of the Company or any of its subsidiaries.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and and, as of the date of this Agreement neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The To the Company's Knowledge, the ------------------- Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businessesbusinesses (collectively, “Material Permits”), and neither the Company nor any such subsidiary Subsidiary has received any written notice of proceedings relating to the revocation or modification of any such certificate, authorization or permitMaterial Permit.

Regulatory Permits. The Company and its subsidiaries possess possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary which are material to conduct their respective businessesits business, and neither the Company nor any such subsidiary has not received any written notice of proceedings any proceeding relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Except as disclosed in Schedule 3(r), the Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.

Regulatory Permits. The Company and its subsidiaries Subsidiary possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities authorities, necessary to conduct their respective businesses, and neither the Company nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificatecertificates, authorization or permit.

Regulatory Permits. The Company and its subsidiaries possess each Subsidiary possesses all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective its businesses, and neither the Company Company, nor any such subsidiary Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.. ​