Common use of Conduct of Business; Maintenance of Existence Clause in Contracts

Conduct of Business; Maintenance of Existence. Each Borrower will do or cause to be done all things necessary to preserve and to keep in full force and effect its corporate existence and rights and its franchises, trade names, patents, trademarks, and permits which are necessary for the continuance of its business; maintain management satisfactory to Required Banks; and continue to engage principally in the business currently operated by such Borrower.

Appears in 4 contracts

Samples: Credit and Security Agreement (Commercial Net Lease Realty Inc), Credit Agreement (Commercial Net Lease Realty Inc), Credit and Security Agreement (Commercial Net Lease Realty Inc)

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Conduct of Business; Maintenance of Existence. Each Borrower will do or cause to be done all things necessary to preserve and to keep in full force and effect its corporate existence and rights and its franchises, licenses, trade names, patents, trademarks, and permits which are necessary for the continuance of its business; maintain management satisfactory to Required Banks; , and continue to engage principally in the business currently operated by such BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Orange Co Inc /Fl/)

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Conduct of Business; Maintenance of Existence. Each Borrower will do or cause to be done all things necessary to preserve and to keep in full force and effect its corporate existence and rights and its franchises, trade names, patents, trademarks, and permits which are necessary for the continuance of its business; maintain management satisfactory to Required Banks; and continue to engage principally in the business currently operated by such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Commercial Net Lease Realty Inc)

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