Common use of Necessary Permits and Licenses Clause in Contracts

Necessary Permits and Licenses. Each Borrower possesses ------------------------------ all franchises, rights, certificates, variances, licenses, permits and other authorizations, consents and approvals from all administrative, regulatory or governmental bodies and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, in each case, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its business, properties and assets, and no Borrower is in violation of any thereof in any material respect.

Necessary Permits and Licenses. Each The Borrower possesses ------------------------------ all franchises, rights, certificates, variances, licenses, permits and other authorizations, consents and approvals from all administrative, regulatory or governmental bodies and all patents, trademarks, service marks, trade names, copyrights, licenses and other rights, in each case, free from burdensome restrictions, that are necessary in any material respect for the ownership, maintenance and operation of its business, properties and assets, and no the Borrower is not in violation of any thereof in any material respect.