Common use of Borrower Existence Clause in Contracts

Borrower Existence. The Borrower shall at all times (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, (b) preserve and maintain 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), and (c) continue as a going concern in the business which the Borrower is presently conducting.

Appears in 6 contracts

Samples: Loan and Security Agreement (Dynatronics Corp), Loan and Security Agreement (Flux Power Holdings, Inc.), Loan and Security Agreement (Polar Power, Inc.)

AutoNDA by SimpleDocs

Borrower Existence. The Borrower shall at all times (a) preserve and maintain its (a) existence and good standing in the jurisdiction of its organization, and (b) preserve and maintain 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), and (c) shall at all times continue as a going concern in the business which the Borrower is presently conducting.

Appears in 5 contracts

Samples: Loan Agreement (Helpful Alliance Co), Loan Agreement (Helpful Alliance Co), Loan Agreement (Helpful Alliance Co)

Borrower Existence. (a) The Borrower shall at all times (a1) preserve and maintain its existence and good standing in the jurisdiction of its organization, ; (b2) preserve and maintain 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 Effectmaterial adverse effect on the Borrower), ; and (c3) continue as a going concern in the business which the Borrower is presently conducting.

Appears in 3 contracts

Samples: Loan Agreement (Jacksonville Bancorp Inc /Fl/), Loan Agreement (Jacksonville Bancorp Inc /Fl/), Loan Agreement (Jacksonville Bancorp Inc /Fl/)

Borrower Existence. The Borrower shall at all times preserve and maintain its (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, and (b) preserve and maintain 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), and (c) shall at all times continue as a going concern in the business which the Borrower is presently conductingconducting or such other business reasonably related or ancillary thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)

Borrower Existence. The Borrower shall at all times preserve and maintain (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, and (b) preserve and maintain 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), and (c) shall at all times continue as a going concern in the business which the Borrower is presently conducting.

Appears in 2 contracts

Samples: Loan and Security Agreement (FC Global Realty Inc), Loan and Security Agreement (FC Global Realty Inc)

Borrower Existence. The Borrower shall at all times preserve and maintain its (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, and (b) preserve and maintain 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), and (c) shall at all times continue as a going concern in the business which the Borrower is presently conducting.

Appears in 1 contract

Samples: Loan Agreement (Neogen Corp)

Borrower Existence. The Borrower shall at all times (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, (b) preserve and maintain its qualification to do business and good standing in each jurisdiction where the nature of its business makes such qualification 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), and (c) continue as a going concern in the business which the Borrower is presently conducting.

Appears in 1 contract

Samples: Loan and Security Agreement (Birner Dental Management Services Inc)

AutoNDA by SimpleDocs

Borrower Existence. The Borrower shall at all times preserve and maintain its (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, and (b) preserve and maintain 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), and (c) shall at all times continue as a going concern in the business which the Borrower is presently conducting.

Appears in 1 contract

Samples: Loan Agreement (Lime Energy Co.)

Borrower Existence. The Each Borrower shall at all times (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, (b) preserve and maintain 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)necessary, and (c) continue as a going concern in the business which the such Borrower is presently conducting.

Appears in 1 contract

Samples: Loan and Security Agreement (Inland American Real Estate Trust, Inc.)

Borrower Existence. The Each Borrower shall at all times (a) preserve and maintain its existence and good standing in the jurisdiction of its organization, (b) preserve and maintain 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), and (c) continue as a going concern in the business which the such Borrower is presently conducting.

Appears in 1 contract

Samples: Loan and Security Agreement (Hill International, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.