Common use of Operating Licenses Clause in Contracts

Operating Licenses. Any operating license(s) for the benefit of the Borrower or the Guarantor shall be impaired, revoked, suspended, modified in a materially adverse manner, or terminated by any Person or any Governmental Authority commences to the knowledge of the Borrower any proceedings for the revocation, suspension, modification or termination of any operating license(s) of the Borrower or the Guarantor and the effect of any of the foregoing would reasonably be likely to have a Material Adverse Effect; or