Operational Permits. of the Disclosure Letter sets forth a complete list of all material licenses, consents, permits and authorisations necessary for the Company or the Seller to carry on the Transferred Business in the places and in the manner in which the Business is now conducted (the “Key Permits”), including any such consents, permits and authorisations required by any Governmental Authority. All material permits and licenses required for the operation of the Business, including the Key Permits, exist and are kept in accordance with applicable Laws and in an organized fashion and are true, accurate, up-to-date and complete, and all registrations and applications relating thereto have been fulfilled, and all applicable fees have been paid. No notice or allegation that any of the documentation mentioned in this Section is incorrect or should be rectified has been received, and to the Knowledge of the Seller and the Company, there are no pending actions or other proceedings which seek the revocation thereof.
Appears in 2 contracts
Sources: Asset Transfer Agreement, Asset Transfer Agreement (Repligen Corp)