Business Qualification. Each Borrower agrees to qualify to do business, and to remain qualified to do business and in good standing, in each jurisdiction where the failure to so qualify, or to remain qualified or in good standing, would have, or would be reasonably likely to have, a Material Adverse Effect.
Appears in 3 contracts
Sources: Letter of Credit Commitment and Reimbursement Agreement (MTM Technologies, Inc.), Credit Agreement (MTM Technologies, Inc.), Credit Agreement (MTM Technologies, Inc.)
Business Qualification. Each Borrower agrees to qualify to do business, and to remain qualified to do business and in good standing, in each jurisdiction where the failure to so qualify, or to remain qualified or in good standing, would have, or would reasonably be reasonably likely expected to have, have a Material Adverse Effect.
Appears in 1 contract
Sources: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
Business Qualification. Each Borrower agrees The Borrowers agree to qualify to do business, and to remain qualified to do business and in good standing, in each jurisdiction where the failure to so qualify, or to remain qualified or in good standing, would have, or would be reasonably likely to have, have a Material Adverse Effect.
Appears in 1 contract
Business Qualification. Each Borrower agrees to qualify to do business, and to remain qualified to do business and in good standing, in each jurisdiction where the failure to so qualify, or to remain qualified or in good standing, would have, or would be reasonably likely to have, a Material Adverse Effect.
Appears in 1 contract