PERMITS AND FRANCHISES Sample Clauses
The "Permits and Franchises" clause requires a party, typically the contractor or service provider, to obtain and maintain all necessary governmental permits, licenses, and approvals needed to perform their obligations under the agreement. In practice, this means the responsible party must ensure compliance with local, state, and federal regulations, such as building permits, business licenses, or operational franchises, before commencing work or providing services. The core function of this clause is to allocate responsibility for legal compliance, thereby reducing the risk of project delays or legal penalties due to missing or invalid authorizations.
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PERMITS AND FRANCHISES. To the best of Seller’s knowledge, each of the Purchase Entities holds such franchises, certificates of public convenience and necessity, licenses, permits, consents, authorizations and orders of governmental authorities as are necessary to own and operate the Assets as they are presently owned and operated.
PERMITS AND FRANCHISES. Borrower possesses all permits, consents, approvals, franchises and licenses required and rights to all trademarks, trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in compliance with applicable law, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
PERMITS AND FRANCHISES. The Borrower or Guarantor, as applicable, now possesses, and will hereafter possess, all Licenses and Permits and Trademark Licenses, except where the failure to possess such Licenses and Permits and Trademark Licenses would not have a material adverse effect upon the financial condition or results of operations of the Borrower or any Guarantor.
PERMITS AND FRANCHISES. To Borrower's knowledge, all certificates, permits, licenses and other authorizations from government bodies or authorities which are necessary to permit the operation of the business of the Borrower and its Subsidiaries have been obtained and are in full force and effect except where its failure to obtain such permits, licenses and other authorizations would not constitute a Material Adverse Occurrence.
PERMITS AND FRANCHISES. SCHEDULE 4.07(a) hereto lists (i) all jurisdictions in which each RAM Group Company has the necessary Permits to transact the business of insurance, including any restrictions on such Permits and (ii) the lines of business which each RAM Group Company is authorized to transact in each such jurisdiction. Except as set forth on SCHEDULE 4.07(b) hereto, the RAM Group Companies have all material Permits and authorizations necessary to conduct their respective insurance businesses in the manner and in the areas in which such businesses are being conducted on the date hereof and all such Permits and authorizations are valid and in full force and effect.
PERMITS AND FRANCHISES. The Credit Parties collectively own, possess or have the right to use all permits, memberships, franchises, contracts, licenses, patents, trademarks, service marks, trade names, copyrights, franchises and rights with respect thereto which are necessary for the conduct of the business proposed to be conducted by Borrower after the Closing Date, without any known conflict with the rights of others.
PERMITS AND FRANCHISES. Set forth on SCHEDULE 3.8 is a true, correct and complete list of all licenses, permits and accreditations used in the operation of the Business (the "PERMITS AND LICENSES"). The Company and its employees have all Permits and Franchises necessary for the ownership and operation of the Business as presently conducted. STATUS REPRESENTATIONS AND WARRANTIES