Governmental License definition

Governmental License means any license, permit, franchise certification, registration, identification number, certificate of need, certificate of occupancy, Food and Drug Administration registration, franchise, Consent or order of, or filing with, any state or federal Government Entity.

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Governmental License has the meaning set forth in Section 3.25.

Governmental License means any permission, license, permit, consent, registration, exemption, approval, authorization or qualification formally issued in writing by a Governmental Body.

Examples of Governmental License in a sentence

• To the knowledge of the Company, the Advisor has not received any notice of proceedings relating to the revocation or modification of any such Governmental License.

• Each such Governmental License has been duly obtained, is valid and in full force and effect and is not subject to any Proceeding to revoke, cancel, modify, limit, restrict or declare such Governmental Licenses invalid in any material respect.

• No Governmental License has expired, terminated or been suspended and no Governmental License will expire, terminate or be suspended within 90 days.

• All applications required to have been filed for the continued validity or renewal of any Governmental License have been duly filed on a timely basis with the appropriate Governmental Agency or other Person, and all other filings required to have been made with respect to the Governmental License have been duly made on a timely basis with the appropriate Governmental Agency or other Person.

• Each of the Partnership Parties possesses such permits, licenses, approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate Governmental Entities necessary to conduct the business now operated by them, except for any failures to possess a Governmental License that would not, singly or in the aggregate, result in a Material Adverse Effect.

• Each of the Partnership Entities possesses such permits, licenses, approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate Governmental Authorities necessary to conduct the business now operated by them, except for any failures to possess a Governmental License that would not, singly or in the aggregate, result in a Material Adverse Effect.

• Each such Governmental License is valid and in full force and effect in all material respects and will not be invalidated by consummation of the Transactions.

• IMS and its Affiliates validly hold and have in full force and effect all Governmental Licenses that are material to the conduct of the CD Business, and neither IMS nor any of its Affiliates is in violation (other than an immaterial violation) of, or default (with or without notice or lapse of time or both) (other than an immaterial default) under, or event giving to any other Person any right of termination, amendment or cancellation of, any Governmental License material to the conduct of the CD Business.

• No proceeding is pending or, to the Knowledge of IMS or IMA, threatened seeking the revocation or limitation of any Governmental License that is material to the conduct of the CD Business.

• As of the date hereof, the Advisor has not received any notice of proceedings relating to the revocation or modification of any such Governmental License, which, singly or in the aggregate, if the subject to an unfavorable decision, ruling or finding, would result in a Material Adverse Effect on the Advisor.

More Definitions of Governmental License

Governmental License means, with respect to each Grantor, each license from a Governmental Authority which is material to the conduct of the business of such Grantor as conducted on the date hereof or as proposed to be conducted.

Governmental License means any license, permit, franchise certification, registration, identification number, certificate of need, certificate of occupancy, Food and Drug Administration registration, franchise, Consent or order of, or filing with, any state, province or federal Government Entity.

Governmental License means any license, permit and other governmental authorization.

Governmental License has the meaning specified in Section 4.1(q).

Governmental License except where any failures to possess or any noncompliance would not, singly or in the aggregate, have a Material Adverse Effect and neither the Company nor any of its Subsidiaries has received any notice of any revocation, modification or cancellation of, any such Governmental License, which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would reasonably be expected to result in a Material Adverse Effect. Where required by applicable laws and regulations of the FDA, the Company has submitted to the FDA an Investigational New Drug Application or amendment or supplement thereto for each clinical trial it has conducted or sponsored or is conducting or sponsoring, except where such failure would not, singly or in the aggregate, reasonably be expected to have a Material Adverse Effect; all such submissions were in material compliance with applicable laws and rules and regulations when submitted and no material deficiencies have been asserted by the FDA with respect to any such submissions, except any deficiencies which could not, singly or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Governmental License means, with respect to each Grantor, each license from a Governmental Authority which is necessary to the normal conduct of the business of such Grantor as conducted on the date hereof, except to the extent the failure to maintain such license would not reasonably be expected to have a Material Adverse Effect.