Common use of PERMITS AND FRANCHISES Clause in Contracts

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. 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 the failure to obtain or maintain such permits, licenses and other authorizations would not constitute a Material Adverse Occurrence.