Common use of PERMITS, FRANCHISES Clause in Contracts

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries 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 2 contracts

Sources: Credit Agreement (Conceptus Inc), Credit Agreement (Auto Graphics Inc)

PERMITS, FRANCHISES. Borrower and each of its the Subsidiaries 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 them to conduct the business businesses in which it is they are now engaged in compliance with applicable law.

Appears in 2 contracts

Sources: Credit Agreement (Natrol Inc), Credit Agreement (Natrol Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries 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 them to conduct the business in which it is they are now engaged in compliance with applicable lawengaged.

Appears in 2 contracts

Sources: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)

PERMITS, FRANCHISES. The Borrower and each of its Significant Subsidiaries 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 they are now engaged in compliance with applicable lawengaged, except to the extent the failure to possess such assets could not reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries possesses, and will hereafter possess, 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, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Align Technology Inc)

PERMITS, FRANCHISES. The Borrower and each of its Subsidiaries possesses, and will hereafter possess, subsidiaries 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: Business Loan Agreement (Oyo Geospace Corp)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries 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 Borrower and its Subsidiaries to conduct the business in which it is they are now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (Simula Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries 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, and fictitious names, if any, name rights necessary to enable it to conduct the business in which it is now not engaged in compliance without conflict with applicable lawthe rights of others.

Appears in 1 contract

Sources: Business Loan Agreement (Mobility Electronics Inc)

PERMITS, FRANCHISES. The Borrower and each of its Subsidiaries possesses, and will hereafter possess, possesses all permits, consentsmemberships, approvals, franchises franchise 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 (Longs Drug Stores Corp)

PERMITS, FRANCHISES. Each of Borrower and each of its the Subsidiaries 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 1 contract

Sources: Credit Agreement (Acr Group Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries 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 in all material respects with applicable law.

Appears in 1 contract

Sources: Credit Agreement (American Reprographics CO)

PERMITS, FRANCHISES. Each Borrower and each of its Subsidiaries 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 law.engaged

Appears in 1 contract

Sources: Business Loan Agreement (Jda Software Group Inc)

PERMITS, FRANCHISES. Borrower and each of its Subsidiaries possesses, and will hereafter possess, subsidiaries 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 Borrower or such subsidiary to conduct the business in which it is now engaged in compliance with applicable law.

Appears in 1 contract

Sources: Credit Agreement (GoPro, Inc.)

PERMITS, FRANCHISES. Each of the Borrower and each of its Material Subsidiaries possesses, and will hereafter possess, 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 so possess would not reasonably be expected to result in a material adverse effect.

Appears in 1 contract

Sources: Credit Agreement (Surmodics Inc)