Common use of PERMITS, FRANCHISES Clause in Contracts

PERMITS, FRANCHISES. Borrower and each Subsidiary possesses, and will hereafter possess, 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.

Appears in 5 contracts

Sources: Credit Agreement (Synaptics Inc), Credit Agreement (Northwest Pipe Co), Credit Agreement (Virco MFG Corporation)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries, and each Subsidiary possessesof a Subsidiary, possess, and will hereafter possess, 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.

Appears in 4 contracts

Sources: Credit Agreement (Natus Medical Inc), Credit Agreement (Natus Medical Inc), Credit Agreement (Natus Medical Inc)

PERMITS, FRANCHISES. The Borrower and each Subsidiary possesses, and will hereafter possess, possesses all permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patents, patent rights and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged in compliance with applicable lawengaged, except where the failure to own or possess any of the foregoing would not have a material adverse effect on the financial condition or operations of the Borrower and its Subsidiaries taken as a whole.

Appears in 3 contracts

Sources: Business Loan Agreement (Global Vacation Group Inc), Business Loan Agreement (Pacific Sunwear of California Inc), Business Loan Agreement (Pacific Sunwear of California Inc)

PERMITS, FRANCHISES. Borrower and each Subsidiary possessespossess, and will hereafter possess, 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 each of them to conduct the business in which it each of them is now engaged in compliance with applicable law.

Appears in 2 contracts

Sources: Credit Agreement (Advanced Materials Group Inc), Credit Agreement (Smtek International Inc)

PERMITS, FRANCHISES. Borrower and each Subsidiary Guarantor possesses, and will hereafter possess, all material 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 in all material respects the business in which it is now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (Arden Group Inc)

PERMITS, FRANCHISES. The Borrower and each Subsidiary possesses, and will hereafter possess, of its subsidiaries possesses all permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patents, patent rights and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged in compliance with applicable lawengaged.

Appears in 1 contract

Sources: Business Loan Agreement (Calavo Growers Inc)

PERMITS, FRANCHISES. Borrower and each Material Subsidiary possesses, and will hereafter possess, possess all permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patents, patent rights and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged in compliance with applicable lawengaged.

Appears in 1 contract

Sources: Credit Agreement (Safeguard Health Enterprises Inc)

PERMITS, FRANCHISES. Borrower and each Subsidiary possesses, and will hereafter possess, 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 in all material respects the business in which it is now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (Keystone Automotive Industries Inc)

PERMITS, FRANCHISES. Borrower and each Subsidiary possessespossess, and will hereafter possess, all permits, consents, approvals, franchises and licenses required and all rights to all trademarks, trade names, patents, patents and fictitious names, if any, necessary to enable it them to conduct the business businesses in which it is they are now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (Interlink Electronics Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries, and each Subsidiary possessesof a Subsidiary, possess, and will hereafter possess, 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 lawlaw the failure of which to comply with would have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Micrus Endovascular Corp)

PERMITS, FRANCHISES. Borrower and each Subsidiary possesses, and will hereafter possess, all material 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 lawApplicable Law.

Appears in 1 contract

Sources: Credit Agreement (Liquidity Services Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries, and each Subsidiary possessesof a Subsidiary, possess, and will hereafter possess, 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 lawLaw.

Appears in 1 contract

Sources: Credit Agreement (Natus Medical Inc)

PERMITS, FRANCHISES. The Borrower and each Subsidiary possesses, and will hereafter possess, possesses all permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patentspatent rights, copyrights, and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged in compliance with applicable lawengaged.

Appears in 1 contract

Sources: Loan Agreement (Premier Exhibitions, Inc.)

PERMITS, FRANCHISES. The Borrower and each Subsidiary possesses, and will hereafter possess, Borrower possesses ------------------- all permits, consentsmemberships, approvalsfranchises, franchises contracts and licenses required and rights to all trademarkstrademark rights, trade namesname rights, patents, patent rights and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now engaged in compliance with applicable lawengaged.

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies Inc)

PERMITS, FRANCHISES. Borrower and each Subsidiary possesses, and will hereafter possess, all material permits, consents, approvals, franchises and licenses required and rights to all material trademarks, trade names, patents, and fictitious names, if any, necessary to enable it each of them to conduct the business in which it each is now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (Data Processing Resources Corp)