Common use of Business Requirements Clause in Contracts

Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present business.

Appears in 23 contracts

Samples: Insurance Agreement, Commercial Loan Agreement (Generation Income Properties, Inc.), Commercial Loan Agreement (MusclePharm Corp)

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Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new law line of business that is materially different from my present business.

Appears in 1 contract

Samples: Commercial Loan Agreement (CommunitySouth Bancshares Inc)

Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am I’m organized and an all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present business.

Appears in 1 contract

Samples: Commercial Loan Agreement

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Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present businessbusiness or new businesses presently contemplated.

Appears in 1 contract

Samples: Commercial Loan Agreement (Optical Cable Corp)

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