Common use of Regulatory Permits Clause in Contracts

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Public Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Each of the Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportscurrently conducted or as contemplated to be conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Except as otherwise described in the SEC Reports, the Company and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsbusinesses, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could does not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsReports and as actually conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate United States and PRC federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or be reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Except as set forth in the SEC Reports, the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The To the knowledge of the Company, the Company and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”"MATERIAL PERMITS"), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities of competent jurisdiction necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsDocuments (“Material Permits”), except where the failure to possess such permits could does not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, approvals, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsCompany Documents, except where the failure to possess such permits does not, and could notnot have, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (the “Material Permits”), and neither the Company nor any Subsidiary has not received any written notice of proceedings relating to the revocation or modification of any Material PermitPermits except as described in the Company Documents.

Regulatory Permits. The Company and each Significant Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses its business as described in the SEC Reportscurrently conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Significant Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Except as disclosed in the SEC Reports, the Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations authorizations, and permits issued by the appropriate federal, state, or local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any the Subsidiary has received any written or other notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Each of the Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsReports or as actually conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary its Subsidiaries has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could does not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received has not received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The To the Company’s knowledge, and except as otherwise noted in the SEC Reports, the Company and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Company and each Subsidiary its Subsidiaries ------------------ possess all certificates, authorizations and permits issued by the appropriate federalFederal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsDocuments, except where the failure to possess such permits could notwould not reasonably be expected to, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any such Subsidiary has ----------------- received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary the subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsDocuments, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)material adverse effect, and neither the Company nor any Subsidiary subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permitsuch permits.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsPublic Reports and as currently being conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company Company, the Issuer and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company Company, nor the Issuer nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to would not result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports as of the date hereof (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Except as disclosed in the SEC Reports, the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, would not have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary its Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsDocuments, except where the failure to possess such permits could notpermits, individually or in the aggregate, have or could reasonably be expected to have or result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any such Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Public Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”Permits '), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary of the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could notwould not reasonably be expected to have, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification in any material respect of any Material Permit.

Regulatory Permits. The Each of the Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsits business, except where the failure to possess such certificates, authorizations or permits could not, individually or in the aggregate, would not have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither Effect. Each of the Company nor any and each Subsidiary has received any notice of proceedings relating to the revocation or modification is not in violation of any judgment, decree or order or any statute, ordinance, rule or regulation applicable to it, except for violations which would not have a Material PermitAdverse Effect.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Public Reports, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary its Subsidiaries possess ------------------ all certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any ---------------- such Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each its Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, approvals, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsForm 8-K, except where the failure to possess such permits does not, and could notnot have, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (the “Material Permits”), and neither the Company nor any Subsidiary has not received any written notice of proceedings relating to the revocation or modification of any Material PermitPermits except as described in the Company Documents.

Regulatory Permits. The Company and each Subsidiary possess possesses or has applied for all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsits business, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither none of the Company nor or any Subsidiary has received any notice of proceedings Proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each its Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary required to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations authorizations, licenses, registrations and permits issued by the appropriate federal, state, local or foreign regulatory authorities any Governmental Authority which are necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could would not, individually or in the aggregate, have or be reasonably be expected likely to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all ------------------ certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material -------- Permits”"), and neither the Company nor any Subsidiary has received any notice of ------- proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Each of the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportscurrently conducted or as contemplated to be conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Each of the Company and each Subsidiary possess its Subsidiaries possesses all material certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses its business as described in the SEC Reports, except where including without limitation the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (FDA ( “Material Permits”), and (i) neither the Company nor any Subsidiary of its Subsidiaries has received any notice of proceedings Proceedings relating to the revocation or modification of any such Material PermitPermits and (ii) to the Company’s Knowledge, no facts or circumstances exist that the Company would reasonably expect to give rise to the revocation or modification of any Material Permits.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses and as described in the SEC Reportsactually conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsbusinesses, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities Regulatory Authority necessary to conduct their respective businesses as described in the SEC Reports(“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportspresently conducted (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or would reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary of the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could notwould not reasonably be expected to have, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification in any material respect of any Material Permit.

Regulatory Permits. The Each of the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, provincial, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each its Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsReports (“Permits”), except where the failure to possess such permits could is not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any its Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the Company SEC ReportsDocuments, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary of the subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the Company SEC ReportsDocuments, except where the failure to possess such permits could notwould not reasonably be expected to have, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits)”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification in any material respect of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsactually conducted, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, would not have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could is described in the SEC Reports or does not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all ------------------ certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The To the Company’s Knowledge, the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could notpermits, individually or in the aggregate, have or has not and could not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any such Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as currently conducted or described in the SEC Reports, except as disclosed in the SEC Reports or where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, not have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”"MATERIAL PERMITS"), and neither the Company nor any Vasogen, Inc. 5/3/2007 Page 8 Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsDocuments, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in have a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any the Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company Corporation and each Subsidiary of its Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their its respective businesses business as currently conducted and as described in the SEC Reports, except where the failure to possess such permits could notpermits, individually or in the aggregate, has not and would not have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company Corporation nor any Subsidiary of its Subsidiaries has received any written notice of proceedings relating to the revocation or modification of any such Material PermitPermits.

Regulatory Permits. The Company and each its Subsidiary possess all certificates, authorizations and permits issued by the appropriate federalFederal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any the Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC OTC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or would not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits”), except where the failure to possess such permits could does not, individually or in the aggregate, have or is not reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary the Subsidiaries possess all ------------------ certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material -------- Permits”"), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Each of the Company and each the Subsidiary possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC ReportsRegistration Statement or Prospectus, except where the failure to possess such permits could not, individually or in the aggregate, have or not reasonably be expected to result in a Material Adverse Effect material adverse effect on the Company’s financial condition, business or operations (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary its Subsidiaries possess all ------------------ certificates, authorizations and permits issued by the appropriate federal, state, local state or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“"Material Permits”"), and neither the Company nor any ---------------- such Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses or has applied for all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reportsits business, except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings Proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the Company SEC ReportsReports as of the date hereof (“Material Permits”), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the Company SEC ReportsDocuments (“Material Permits”), except where the failure to possess such permits could notdoes not have, or would not reasonably be expected to result in, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.

Regulatory Permits. The Company and each Subsidiary possess possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as presently conducted and described in the SEC ReportsReports (“Material Permits ” ), except where the failure to possess such permits could would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”)Effect, and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any Material Permit.