Common use of Conduct of Business and Maintenance of Existence, etc Clause in Contracts

Conduct of Business and Maintenance of Existence, etc. (a)(i) With respect to each Subsidiary of Parent, preserve, renew and keep in full force and effect its corporate existence and (ii) with respect to Parent and each of its Subsidiaries, take all reasonable action to maintain all licenses, permits, rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise would not be a Fundamental Change and except, in the case of clause (i) above and clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations (other than in respect of Indebtedness) and Requirements of Law, except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (OneBeacon Insurance Group, Ltd.), Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (OneBeacon Insurance Group, Ltd.)

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Conduct of Business and Maintenance of Existence, etc. (a)(ia) With respect to each Subsidiary of Parent, preserve(i) Preserve, renew and keep in full force and effect its corporate or other existence and (ii) with respect to Parent and each of its Subsidiaries, take all reasonable action to maintain all licenses, permits, rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise would not be a Fundamental Change permitted by Section 7.4 and except, in the case of clause (i) above and clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations (other than in respect of Indebtedness) and Requirements of Law, except (i) to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect, or (ii) with respect to Contractual Obligations and/or Requirements of Law being diligently contested in good faith; provided that the result of such contest could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Pinnacle Entertainment Inc), Credit Agreement (Pinnacle Entertainment Inc), Credit Agreement (Pinnacle Entertainment Inc)

Conduct of Business and Maintenance of Existence, etc. (a)(ia) With respect Continue to each Subsidiary engage in business of Parentthe same general type as now conducted by it, (b) preserve, renew and keep in full force and effect its corporate existence and (iic) with respect to Parent and each of its Subsidiaries, take all commercially reasonable action to maintain all licenses, permits, rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each casecase in clauses (a), (b) and (c) above, as otherwise would not be a Fundamental Change permitted pursuant to Section 7.5 and except, in the case of clause (i) above and clause (iic) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (bd) comply with all Contractual Obligations (other than in respect of Indebtedness) and Requirements of Law, Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Key Energy Group Inc), Credit Agreement (Key Energy Group Inc)

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Conduct of Business and Maintenance of Existence, etc. (a)(ia) With respect to each Subsidiary of Parent, preserve(i) Preserve, renew and keep in full force and effect its corporate existence and (ii) with respect to Parent and each of its Subsidiaries, take all reasonable action to maintain all licenses, permits, rights, privileges and franchises (including, without limitation, renewing and keeping in full force and effect all collocation and interconnection agreements) necessary or desirable in the normal conduct of its business, except, in each case, as otherwise would not be a Fundamental Change permitted by Section 6.4 and except, in the case of clause clauses (i) above (other than with respect to the Company and clause the Borrower) and (ii) above, to the extent that failure to do so could would not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations (other than in respect of Indebtedness) and Requirements of Law, Law except to the extent that failure to comply therewith could would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Birch Telecom Inc /Mo)

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