Common use of Conduct of Business and Maintenance of Existence; Compliance with Laws Clause in Contracts

Conduct of Business and Maintenance of Existence; Compliance with Laws. (a) In the case of Company and each of its Subsidiaries, continue to engage in their respective business and operations substantially as conducted immediately prior to the Effective Date; and in the case of Holdings, continue to operate solely as a holding company and not acquire directly any material operating or other assets other than Equity Interests and Investments (to the extent permitted hereunder) in Company;

Appears in 2 contracts

Samples: Joinder Agreement (PMFG, Inc.), Credit and Term Loan Agreement (Peerless Manufacturing Co)

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Conduct of Business and Maintenance of Existence; Compliance with Laws. (a) In the case of Company and each of its Subsidiaries, continue Continue to engage in their respective the business as substantially now conducted by each Borrower and operations substantially as conducted immediately prior to the Effective Date; its Subsidiaries and in the case of Holdings, continue to operate solely as a holding company businesses related thereto and not acquire directly any material operating or other assets assets, other than Equity Interests shares of stock or membership or other equity interest in its Subsidiaries; and Investments (preserve, renew and keep in full force and effect its existence, except as otherwise permitted pursuant to the extent permitted hereunder) in CompanySection 7.5;

Appears in 1 contract

Samples: Revolving Credit Agreement (Multimedia Games Inc)

Conduct of Business and Maintenance of Existence; Compliance with Laws. (a) In the case of Company and each of its Subsidiaries, continue to engage in their respective business and operations substantially as conducted immediately prior to the Effective Closing Date; and in the case of Holdings, continue to operate solely as a holding company and not acquire directly any material operating or other assets other than Equity Interests and Investments (to the extent permitted hereunder) in Company;

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Peerless Manufacturing Co)

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Conduct of Business and Maintenance of Existence; Compliance with Laws. (a) In the case of Company and each of its Subsidiaries, continue Continue to engage (whether through Subsidiaries or otherwise) in their respective the business as substantially now conducted by the Parties and operations substantially businesses related thereto; and preserve, renew and keep in full force and effect its existence, except as conducted immediately prior otherwise permitted pursuant to the Effective Date; Sections 8.4 and 8.5, and in the case of HoldingsHoldings and Company, continue to operate be solely as a holding company and not acquire directly any material operating or other assets assets, other than Equity Interests and Investments (to shares of stock or membership or other equity interest in the extent permitted hereunder) in CompanyParties;

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)

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