Common use of Consolidated Corporate Franchises Clause in Contracts

Consolidated Corporate Franchises. Each Credit Party will do, and will cause each of its Subsidiaries to do, or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its material rights, authority and franchises, unless the failure to keep in full force and effect any such right, authority or franchise would not have a material adverse effect on the financial condition or results of operations of Newco and its Subsidiaries taken as a whole or of the Borrower and its Subsidiaries taken as a whole.

Consolidated Corporate Franchises. Each Credit Party will do, and will cause each of its Subsidiaries to do, or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its material rights, authority and franchises, unless the failure to keep in full force and effect any such right, authority or franchise would not have a material adverse effect on the financial condition or results of operations of Newco Holdings and its Subsidiaries taken as a whole or of the Borrower and its Subsidiaries taken as a whole.