Examples of Assigned Approvals in a sentence
From and after the Closing Date, Buyer or its Affiliates will bear all fees levied by the relevant Governmental Authorities or any other Persons and any other relevant out-of-pocket costs for: (i) the issuance, maintenance or renewal of all such Approvals (including the Assigned Approvals) and for the transfer of the Assigned Approvals to Buyer (or its Affiliates) on or after the Closing Date; and (ii) any variations and amendments made pursuant to Sections 6.2(b)(ii) and 6.2(b)(iii) above.
Nothing contained herein shall operate to obligate or be construed to obligate the Lender to perform any of the terms, covenants or conditions contained in the Assigned Approvals or otherwise to impose any obligation upon the Lender with respect to the Assigned Approvals prior to written notice by the Lender to the Borrower of the Lender’s election to assume the Borrower’s obligations under one or more of the Assigned Approvals.
Immediately upon the occurrence of any Event of Default, and for so long as the Event of Default remains uncured, the right described in the preceding sentence shall cease and terminate, and in such event the Lender is hereby expressly and irrevocably authorized (but not required) to exercise every right, option, power or authority inuring to the Borrower under any one or more of the Assigned Approvals as fully as the Borrower could.
Or, click on the Action Items in the top banner navigation, and select the appropriate link under My Assigned Approvals.
So long as there is no Event of Default, Borrower shall have and may exercise all rights as the owner or holder of the Assigned Approvals, which are lawful and are not inconsistent with the provisions of any of the Security Instruments.
After the Closing Date and thereafter during the remainder of the applicable Transition Period, Buyer will fulfill all responsibilities for regulatory compliance that it may have with respect to the Covered Product as the holder of the Assigned Approvals for the Covered Product under applicable Law, subject to and in accordance with Section 6.2 of the Purchase Agreement.
However, this realization also depends on the wise use of resources—human, physical, and monetary—to ensure the long-term vibrancy of the university over the coming years.
Until such election, the payment, performance or observance of any obligation, requirement or condition under the Assigned Approvals is and shall be that of the Borrower.
To the best of the Company’s knowledge, except as set forth in the Company Disclosure Schedule, (i) each of the Assigned Approval is valid and in full force and effect, (ii) the Company has complied with all such Assigned Approvals to a material extent, and (iii) there is no event that has occurred or circumstances that exist, that may constitute or result in a violation of, or in the revocation, withdrawal or suspension or modification of, any such Assigned Approvals.
Except as set forth in the Company Disclosure Schedule, to the best of the Company’s knowledge, the Assigned Approvals are all of the Approvals required for the conduct of the Business.