Common use of Compliance with Laws and Preservation of Corporate Existence Clause in Contracts

Compliance with Laws and Preservation of Corporate Existence. Such Seller Party will comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject if noncompliance with any such law, rule, regulation, order, writ, judgment, injunction, decree or award could reasonably be expected to have a Material Adverse Effect. Such Seller Party will preserve and maintain its legal existence, rights, franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified in good standing as a foreign entity in each jurisdiction where its business is conducted, except where the failure to so qualify or remain qualified could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect.

Appears in 12 contracts

Samples: Receivables Purchase Agreement (Dean Foods Co), Receivables Purchase Agreement (Dean Foods Co), Receivables Purchase Agreement (Dean Foods Co)

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Compliance with Laws and Preservation of Corporate Existence. Such Seller Party will comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject if noncompliance with any such lawsubject, rule, regulation, order, writ, judgment, injunction, decree or award except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. Such Seller Party will preserve and maintain its legal corporate or limited liability company existence, rights, franchises and privileges in the jurisdiction of its organizationincorporation or formation, as the case may be, and qualify and remain qualified in good standing as a foreign entity corporation or limited liability company, as the case may be, in each jurisdiction where its business is conducted, except where the failure to so preserve and maintain or qualify or remain qualified could not reasonably be expected, either individually or in the aggregate, expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (McKesson Corp), Receivables Purchase Agreement (McKesson Corp), Receivables Purchase Agreement (McKesson Corp)

Compliance with Laws and Preservation of Corporate Existence. Such Seller Party will comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject if noncompliance with any such law, rule, regulation, order, writ, judgment, injunction, decree or award could reasonably be expected to have a Material Adverse Effect. Such Seller Party will preserve and maintain its legal corporate existence, rights, franchises and privileges in the AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT jurisdiction of its organizationincorporation, and qualify and remain qualified in good standing as a foreign entity corporation in each jurisdiction where its business is conducted, except where the failure to so qualify or remain qualified could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Dean Foods Co/)

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Compliance with Laws and Preservation of Corporate Existence. Such Seller Party will comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject if noncompliance with any such lawsubject, rule, regulation, order, writ, judgment, injunction, decree or award except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. Such Seller Party will preserve and maintain its legal corporate or limited liability company, as applicable, existence, rights, franchises and privileges in the jurisdiction of its organizationincorporation or formation, as applicable, and qualify and remain qualified in good standing as a foreign entity corporation or foreign limited liability company, as applicable, in each jurisdiction where its business is conducted, except where the failure to so preserve and maintain or qualify or remain qualified could not reasonably be expected, either individually or in the aggregate, expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (P&l Coal Holdings Corp)

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