1Preservation of Existence, Etc Sample Clauses

1Preservation of Existence, Etc. 71 7.1.2Payment of Liabilities, Including Taxes, Etc. 71 7.1.3Maintenance of Insurance 72 7.1.4Maintenance of Properties and Leases 72 7.1.5Visitation Rights 72
Sample 1
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1Preservation of Existence, Etc. Each Loan Party shall, and shall cause each of its Subsidiaries to, (a) maintain its legal existence as a corporation, limited partnership or limited liability company and its license or qualification and good standing in each jurisdiction in which its ownership or lease of property or the nature of its business makes such license or qualification necessary, except as otherwise expressly permitted in Section 9.5 (b) maintain all licenses, consents, permits, franchises, rights and qualifications necessary for the standard operation of its business, except where the maintenance thereof would not reasonably be expected to have or result in a Material Adverse Change, and (c) maintain and ​ ​ preserve all intellectual properties, including without limitation trademarks, trade names, patents, copyrights and other marks, registered and necessary for the standard operation of its business except where the maintenance thereof would not reasonably be expected to have or result in a Material Adverse Change.
Sample 1
1Preservation of Existence, Etc. 73 7.1.2Payment of Liabilities, Including Taxes, Etc. 74 7.1.3Maintenance of Insurance. 74 7.1.4Maintenance of Properties and Leases. 74 7.1.5Visitation Rights. 74 7.1.6Keeping of Records and Books of Account. 74 7.1.7Compliance with Laws; Use of Proceeds. 75 7.1.8Further Assurances. 75 7.1.9Anti-Terrorism Laws; International Trade Law Compliance. 75 7.1.10Keepwell. 75
Sample 1
1Preservation of Existence, Etc. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain its legal existence as a corporation, limited partnership or limited or unlimited liability company (or foreign equivalent) and its license or qualification and good standing in its jurisdiction of organization and in each other jurisdiction in which its ownership or lease of property or the nature of its business makes such license or qualification necessary, except as otherwise expressly permitted in Section 8.2.6 [Liquidations, Mergers, Etc.], except where the failure to be so licensed or qualified would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.
Sample 1
1Preservation of Existence, Etc. 77 8.1.2Payment of Liabilities, Including Taxes, Etc. 77 8.1.3Maintenance of Insurance 77 8.1.4Maintenance of Properties 77 8.1.5Visitation Rights 77 8.1.6Keeping of Records and Books of Account 77 8.1.7Compliance with Laws; Use of Proceeds 78 8.1.8Further Assurances 78 8.1.9Anti-Terrorism Laws 78 8.1.10Required Interest Rate Hedge 78 8.1.11Additional Guaranties and Collateral 78 8.1.12Compliance with ERISA 79 8.1.13Post-Closing Matters 80 8.1.14Field Exams 80 8.2Negative Covenants 80 8.2.1Indebtedness 80 8.2.2Liens; Lien Covenants 81 8.2.3Prepayments or Amendments of Other Indebtedness 82 8.2.4Loans and Investments 82 8.2.5Dividends and Related Distributions 83 8.2.6Liquidations, Mergers, Consolidations, Amalgamations, Acquisitions 84 8.2.7Dispositions of Assets or Subsidiaries 85 8.2.8Affiliate Transactions 85 8.2.9Subsidiaries, Partnerships and Joint Ventures 86 8.2.10Continuation of or Change in Business 86 8.2.11Fiscal Year 86 8.2.12Issuance of Stock 86 8.2.13Changes in Organizational Documents 86 8.2.14Limitation on Negative Pledge Clauses 87 8.2.15Limitations on Restrictions Affecting Subsidiaries 87 8.2.16Minimum Fixed Charge Coverage Ratio 87 8.2.17Maximum Leverage Ratio 87 8.2.18Minimum Liquidity 88 8.3Reporting Requirements 88 8.3.1Quarterly Financial Statements 88 8.3.2Annual Financial Statements 88 8.3.3Certificate of the Borrower 88 8.3.4Notices 89 9.DEFAULT 90 9.1Events of Default 90 9.1.1Payments Under Loan Documents 90 9.1.2Breach of Warranty 90 9.1.3Breach of Negative Covenants or Visitation Rights 90 9.1.4Breach of Other Covenants 90 9.1.5Defaults in Other Agreements or Indebtedness 90 9.1.6Final Judgments or Orders 91 9.1.7Loan Document Unenforceable 91 9.1.8Uninsured Losses; Proceedings Against Assets 91 9.1.9Events Relating to Plans and Benefit Arrangements 91 9.1.10Change of Control 91 9.1.11Relief Proceedings 91 9.2Consequences of Event of Default 91 9.2.1Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings 91 9.2.2Bankruptcy, Insolvency or Reorganization Proceedings 92 9.2.3Set-off 92 9.2.4Application of Proceeds 92 10.THE ADMINISTRATIVE AGENT 93 10.1Appointment and Authority 93
Sample 1

Related to 1Preservation of Existence, Etc

  • Preservation of Existence, Etc (a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 8.04 or 8.05.

  • Preservation of Existence The Collateral Custodian will preserve and maintain its existence, rights, franchises and privileges in the jurisdiction of its formation and qualify and remain qualified in good standing in each jurisdiction where failure to preserve and maintain such existence, rights, franchises, privileges and qualification could reasonably be expected to have a Material Adverse Effect.

  • Preservation of Existence and Franchises Each Credit Party shall, and shall cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its legal existence, rights, franchises and authority. Each Credit Party shall remain qualified and in good standing in each jurisdiction in which the failure to so qualify and be in good standing could have a Material Adverse Effect.

  • Preservation of Existence and Similar Matters Except as otherwise permitted under Section 9.4., the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

  • Preservation of Existence; Compliance with Law Seller shall:

  • Maintenance of Existence, etc Maintain and preserve, and (subject to Section 11.5) cause each other Loan Party to maintain and preserve, (a) its existence and good standing in the jurisdiction of its organization and (b) its qualification to do business and good standing in each jurisdiction where the nature of its business makes such qualification necessary (other than such jurisdictions in which the failure to be qualified or in good standing could not reasonably be expected to have a Material Adverse Effect).

  • Preservation of Company Existence The Servicer will preserve and maintain its company existence, rights, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in good standing as a limited liability company in each jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and qualification has had, or could reasonably be expected to have, a Material Adverse Effect.

  • Preservation of Corporate Existence, Etc Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its Subsidiaries may consummate any merger or consolidation permitted under Section 5.02(b) and provided further that neither the Borrower nor any of its Subsidiaries shall be required to preserve any right or franchise if the Board of Directors of the Borrower or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Borrower, such Subsidiary or the Lenders.

  • Maintenance of Existence The Fund shall continue to maintain its existence as a business trust under the laws of the Commonwealth of Massachusetts, with full right and power to issue the New VMTP Shares and to execute, deliver and perform its obligations under this Agreement and each Related Document.

  • Maintenance of Existence and Rights Shall preserve and maintain its corporate existence, authorities to transact business, rights and franchises, trade names, patents, trademarks and permits necessary to the conduct of its business.

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