Compliance with Laws; Preservation of Corporate Existence. The Originators shall comply in all material respects with all applicable laws (including, without limitation, ERISA and the Code), rules, regulations, orders and Originator Documents and preserve and maintain their corporate existence, rights, franchises, qualifications and privileges where the failure to comply could reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Outsource International Inc), Receivables Purchase and Sale Agreement (Superior National Insurance Group Inc), Receivables Purchase and Sale Agreement (Outsource International Inc)
Compliance with Laws; Preservation of Corporate Existence. The Originators Originator shall comply in all material respects with all applicable laws (including, without limitation, ERISA and the Code), rules, regulations, orders and Originator Documents and preserve and maintain their its corporate existence, rights, franchises, qualifications and privileges where the failure to comply could reasonably be expected to have a Material Adverse Effectmaterially adversely affect the Originator's ability to perform its obligations hereunder or the ability to sell or collect the Purchased Receivables hereunder.
Appears in 1 contract
Samples: Receivables Purchase and Sale Agreement (Synthetic Industries Inc)
