Common use of Approval of Governmental Authorities Clause in Contracts

Approval of Governmental Authorities. The approvals, relief, orders, notices, applications, consents and authorizations referred to in Section 2.2 in relation to the purchase and sale of the Transferred Assets that are required to be made, given or obtained prior to the Closing of the purchase and sale of the Transferred Assets shall have been made, given or obtained, except for such approvals, relief, orders, notices, applications, consents or authorizations the failure to make, give or obtain which would not have a Material Adverse Effect;