Seller Permits Sample Clauses

The Seller Permits clause requires the seller to obtain and maintain all necessary permits, licenses, and approvals needed to legally carry out the transaction or operate the business being sold. In practice, this means the seller must ensure that all regulatory requirements are met, such as business operation permits, environmental clearances, or zoning approvals, before and during the sale process. This clause helps prevent legal or regulatory issues from arising after the transaction, ensuring the buyer receives a business or asset that is fully compliant with applicable laws.
Seller Permits. Seller has obtained and maintains in force for the Term all licenses, permissions, authorizations, consents, and permits needed for its Assets to supply the Flexibility Services in accordance with the terms of the Agreement.
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Seller Permits. Section 3.15
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Seller Permits. Seller shall obtain, pay for and maintain all Permits required to allow Seller to lawfully fulfill its obligations under this Agreement and otherwise carry out its business affairs as contemplated hereby (the “Seller Permits”) and shall secure each Seller Permit no later than the time such Seller Permit is required. Purchaser shall, at no cost or expense to it, cooperate with Seller’s reasonable requests to assist Seller in obtaining Seller Permits. Seller shall deliver copies to Purchaser of each Seller Permit promptly after receipt thereof. Seller shall perform all its obligations in compliance with all Seller Permits and all Purchaser Permits.
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Seller Permits. 6.14(a) Seller Shares....................................................... 6.20
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Seller Permits. Each of the Seller Permits identified in Schedule 2.3.1, including the FAA Determinations of No Hazard to Air Navigation (Part I) {SOLAR for all Designated SMGs/WIND and the MDOT Tall Structures Permit for all WTG and meteorological tower locations} identified in the Site Plan as of Closing and other Permits and Authority authorizations and determinations that Seller is to obtain pursuant to Section 2.3 have been obtained.
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Seller Permits. The Seller holds all material permits, licenses, variances, exemptions, orders and approvals of all Authorities necessary for the lawful conduct of its business (the "Seller Permits"). The Seller is in compliance with the terms of the Seller Permits. ss.5B(h) of the Disclosure Schedule sets forth a list of the Seller Permits.
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Seller Permits. (a) Seller and its Affiliates (including HRS) presently hold and maintain in full force and effect (i) all Governmental Permits that are necessary to conduct the Business as presently conducted and to own or use their respective assets and properties, in the case of Seller and its Affiliates other than HRS, as such assets and properties are presently owned and used in connection with the Business, and (ii) all material Governmental Permits necessary to use or occupy the Business Premises, in the case of Seller and its Affiliates other than HRS, as such Business Premises are presently used or occupied in connection with the Business (the Governmental Permits described in the preceding clauses (i) and (ii) to be collectively referred to herein as the “Seller Permits”). Seller and its Affiliates (including HRS) are in compliance, in all material respects, with the terms and conditions of the Seller Permits. (b) A true and complete list of all Seller Permits presently held by HRS or, to the extent related to the Business, Seller or its Affiliates (other than HRS), is set forth in Section 5.9(b) of the Business Disclosure Schedule. None of Seller or its Affiliates (including HRS) has received, at any time since January 1, 2009, any written notice or other written communication from any Governmental Body regarding (i) any actual or alleged violation of, or failure to comply with, any term or requirement of any Seller Permit or (ii) any actual or potential revocation, withdrawal, suspension, cancellation, termination of, or modification to, or any Action to declare invalid, any Seller Permit, in each case, that has not been remedied as of the date of this Agreement. All applications required to have been filed for the renewal of Seller Permits have been duly filed on a timely basis with, and the applicable fees paid to, the appropriate Governmental Body, or the applicable Seller Permit nevertheless has been renewed, re-issued or otherwise resolved without material adverse consequence to the Business, and all other filings (and payment of fees in connection therewith) required to have been made with respect to each Seller Permit have been duly made on a timely basis with the appropriate Governmental Body, or if not filed on a timely basis, the lapse did not cause a material adverse consequence to the Business.
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Related to Seller Permits

  • Licenses and Permits Each Mortgagor covenants in the Mortgage Loan documents that it shall keep all material licenses, permits, franchises, certificates of occupancy and applicable governmental approvals necessary for the operation of the Mortgaged Property in full force and effect, and to the Mortgage Loan Seller’s knowledge based upon any of a letter from any government authorities, zoning consultant’s report or other affirmative investigation of local law compliance consistent with the investigation conducted by the Mortgage Loan Seller for similar commercial and multifamily mortgage loans intended for securitization; all such material licenses, permits, franchises, certificates of occupancy and applicable governmental approvals are in effect or the failure to obtain or maintain such material licenses, permits, franchises or certificates of occupancy and applicable governmental approvals does not materially and adversely affect the use and/or operation of the Mortgaged Property as it was used and operated as of the date of origination of the Mortgage Loan or the rights of a holder of the related Mortgage Loan. The Mortgage Loan documents require the related Mortgagor to comply in all material respects with all applicable regulations, zoning and building laws.

  • Compliance with Laws; Licenses and Permits (a) Each of Seller and LicenseCo has complied, and is now complying, in all material respects, with all Laws applicable to it or its business, properties or assets except for the U.S. Controlled Substances Act, and any/all applicable rules and regulations promulgated in connection therewith (the “Act”). There are no written orders, decrees, injunctions, rulings, publications, decisions, directives, consents, pronouncements or regulations of any court or Governmental Authority issued against or binding upon Seller or LicenseCo relating to the business which do or may affect, limit or control the operation of the business of Seller, LicenseCo or the Assets. (b) Schedule 5.15(b) sets forth a list of all of the permits, licenses, certificates, approvals and authorizations of, and registrations with, and under, all federal, state, local and foreign Laws, authorities and agencies (the “Licenses”) held by Seller or LicenseCo. Each of the Licenses is in full force and effect. Seller and LicenseCo are not in material violation of any of the Licenses nor has there occurred any event which, to the Knowledge of the Seller Parties, with the passage of time or giving of notice or both, would constitute a violation of any of the Licenses. All Licenses required for each of Seller and LicenseCo to conduct its business have been obtained by it, disclosed in writing to Buyer prior to the date hereof, and are valid and in full force and effect. All fees and charges with respect to such Licenses as of the date hereof have been paid in full. To the Knowledge of the Seller Parties, no event has occurred that, with or without notice or lapse of time or both, would reasonably be expected to result in the revocation, suspension, lapse, or limitation of any Licenses. No proceeding is pending or, to the Knowledge of the Seller Parties, threatened in writing seeking the revocation, limitation or non-renewal of any of the Licenses. All renewals for the Licenses have been timely applied for, and to the Knowledge of the Seller Parties, no event or circumstance has occurred or exists (other than those events or circumstances that relate to Buyer) that would prohibit or prevent the re-issuance to LicenseCo or Buyer, as applicable, of any of the Licenses.