Common use of Existing Violations Clause in Contracts

Existing Violations. Vendor represents that, as of the Effective Date, it is not in violation or material non-compliance with any laws, ordinances, statutes, rules, regulations, or orders of governmental or regulatory authorities to which it is subject, and that it has not failed to obtain any licenses, permits, franchises, or other governmental authorizations necessary for the ownership of its properties or the conduct of its business, to the extent that any such violation, non-compliance or failure, either individually or in the aggregate, might adversely affect Vendor’s business, properties, or financial condition, the consummation of the transactions contemplated by this Agreement, or the performance of Vendor’s obligations hereunder.

Existing Violations. Vendor represents that, as of the Effective Date, it is not in violation or material non-non- compliance with any laws, ordinances, statutes, rules, regulations, or orders of governmental or regulatory authorities to which it is subject, and that it has not failed to obtain any licenses, permits, franchises, or other governmental authorizations necessary for the ownership of its properties or the conduct of its business, to the extent that any such violation, non-compliance or failure, either individually or in the aggregate, might adversely affect Vendor’s business, properties, or financial condition, the consummation of the transactions contemplated by this Agreement, or the performance of Vendor’s obligations hereunder.