Common use of Borrower’s Legal Existence Clause in Contracts

Borrower’s Legal Existence. Maintain its status as a Maryland corporation in good standing in the State of Maryland and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse Effect.

Appears in 18 contracts

Samples: Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc), Assignment and Assumption Agreement (Urstadt Biddle Properties Inc)

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Borrower’s Legal Existence. Maintain its status as a Maryland corporation limited liability company in good standing in the State of Maryland and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Centro NP LLC), Credit Agreement (Centro NP LLC)

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Borrower’s Legal Existence. Maintain its status as a Maryland corporation in good standing in the State of Maryland and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse Effect.to

Appears in 1 contract

Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc)

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