Common use of Business and Existence Clause in Contracts

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessary.

Appears in 3 contracts

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/), Loan and Security Agreement (Cal Dive International Inc), Loan and Security Agreement (Brazos Sportswear Inc /De/)

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Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessarynecessary in order for Borrower or such Subsidiary to conduct its business in such states.

Appears in 1 contract

Samples: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate or limited liability company existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessary.

Appears in 1 contract

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/)

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states jurisdictions in which such qualification is necessarynecessary and where the failure to do so would have a material adverse effect on Borrower's business or Properties.

Appears in 1 contract

Samples: Loan and Security Agreement (Lowrance Electronics Inc)

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewiththerewith except where not necessary to the conduct of its business, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessarynecessary in order for, Borrowers or their respective Subsidiaries to conduct their respective businesses in such states.

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

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Business and Existence. Preserve Except as permitted by Section 9.2(A) hereof, preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessarynecessary and where the failure to do so could reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Mmi Products Inc)

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessarythe failure to be so qualified might have a material adverse effect on the financial condition, operations, business revenues, assets or Properties of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Microwave Power Devices Inc)

Business and Existence. Preserve and maintain, and cause each Subsidiary to preserve and maintain, its separate corporate existence and all rights, privileges, and franchises in connection therewith, and maintain, and cause each Subsidiary to maintain, its qualification and good standing in all states in which such qualification is necessarynecessary except in connection with business combinations that result in a Subsidiary or a Borrower being acquired by or merging with another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

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