Corporate Existence and Franchises Sample Clauses

Corporate Existence and Franchises. Except as otherwise expressly permitted in this Agreement, maintain and cause each Subsidiary to maintain in full force and effect its separate existence and all rights, licenses, leases and franchises reasonably necessary to the conduct of its business.
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Corporate Existence and Franchises. (a) Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect their respective corporate or partnership existence, rights (charter and statutory) and their respective franchises; provided, however, that Borrower shall not be required to preserve any such right or franchise if Borrower's Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of its business and that the loss thereof would not reasonably expected to result in a Material Adverse Effect.
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Corporate Existence and Franchises. Each Credit Party will, and will cause each of its Restricted Subsidiaries to, do or cause to be done, all reasonable things necessary to preserve and keep in full force and effect its existence and its material rights, franchises, licenses and patents.
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Corporate Existence and Franchises. The Borrower will, and will cause each Subsidiary to, (i) maintain its corporate existence (except that Subsidiaries may merge with each other and, provided the Borrower is the survivor thereof, with the Borrower) and (ii) maintain in full force and effect all material licenses, bonds, franchise, leases, trademarks and qualifications to do business, and all patents, contracts and other rights necessary or desirable to the profitable conduct of its businesses, except when noncompliance would not, in the aggregate, have a Material Adverse Effect.
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Corporate Existence and Franchises. The Lessee will, and will cause each Subsidiary to, except as otherwise expressly permitted in Section 19(b) hereof, maintain in full force and effect its separate existence and all material rights, licenses, leases and franchises used in the conduct of its business.
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Corporate Existence and Franchises. Except as otherwise expressly ---------------------------------- permitted in this Agreement, the Borrower shall maintain in full force and effect, and cause each Subsidiary to maintain in full force and effect, its separate existence and all rights, licenses, leases and franchises reasonably necessary to the conduct of its business.
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Corporate Existence and Franchises. Except as otherwise expressly permitted in this Guaranty, maintain in full force and effect its separate existence and all rights, licenses, leases and franchises reasonably necessary to the conduct of its business.
Sample 1
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Corporate Existence and Franchises. Each Credit Party will, and will cause each of its Subsidiaries to, do or cause to be done, all reasonable things necessary to preserve and keep in full force and effect its existence and its material rights, franchises, licenses and patents; provided, however, that nothing in this Section 6.4 shall prevent (i) sales of assets and other transactions by such Credit Party or any of its Subsidiaries pursuant to and in accordance with Section 7.2 or (ii) the withdrawal by such Person or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not reasonably be expected to have a Material Adverse Effect.
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Corporate Existence and Franchises. Except as otherwise expressly permitted in Section 11.6, maintain in full force and effect its separate existence and all material rights, licenses, leases and franchises used in the conduct of its business.
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Related to Corporate Existence and Franchises

  • Corporate Existence So long as the Buyer beneficially owns any Note, the Company shall maintain its corporate existence and shall not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTCBB, Nasdaq, Nasdaq SmallCap, NYSE or AMEX.

  • Corporate Existence and Standing Each of the Borrower and its Subsidiaries is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

  • Corporate Existence, Etc Subject to Section 10.2, the Company will at all times preserve and keep its corporate existence in full force and effect. Subject to Section 10.2, the Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a Wholly-Owned Subsidiary) and all rights and franchises of the Company and its Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise would not, individually or in the aggregate, have a Material Adverse Effect.

  • Corporate Existence and Good Standing The Borrower shall, and shall cause each of its Subsidiaries to, maintain its corporate existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

  • Corporate Existence and Power It is a company or corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction in which it is incorporated, and has full corporate power and authority and the legal right to own and operate its property and assets and to carry on its business as it is now being conducted and as contemplated in this Agreement, including the right to grant the licenses granted by it hereunder.

  • Corporate Existence and Taxes The Company shall, until at least the Termination Date, maintain its corporate existence in good standing and, once it becomes a "Reporting Issuer" (defined as a Company which files periodic reports under the Exchange Act), remain a Reporting Issuer (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization as long as the surviving entity in such transaction, if not the Company, assumes the Company's obligations with respect to the Common Stock and has Common Stock listed for trading on a stock exchange or on Nasdaq and is a Reporting Issuer) and shall pay all its taxes when due except for taxes which the Company disputes.

  • Preservation of Corporate Existence, Etc Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its Subsidiaries may consummate any merger or consolidation permitted under Section 5.02(b) and provided further that neither the Borrower nor any of its Subsidiaries shall be required to preserve any right or franchise if the Board of Directors of the Borrower or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Borrower, such Subsidiary or the Lenders.

  • Preservation of Corporate Existence The Company shall preserve and maintain its corporate existence, rights, privileges and franchises in the jurisdiction of its incorporation, and qualify and remain qualified, as a foreign corporation in each jurisdiction in which such qualification is necessary in view of its business or operations and where the failure to qualify or remain qualified might reasonably have a Material Adverse Effect upon the financial condition, business or operations of the Company taken as a whole.

  • Maintenance of Corporate Existence The Company, at its own cost and expense, will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises, except as otherwise specifically permitted in Section 5.02; provided, however, that the Company shall not be required to preserve any right or franchise if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company.

  • Separate Existence Except for financial reporting purposes (to the extent required by generally accepted accounting principles) and for federal income tax purposes and, to the extent consistent with applicable state tax law, state income and franchise tax purposes, the Member and the Managers shall take all steps necessary to continue the identity of the Company as a separate legal entity and to make it apparent to third Persons that the Company is an entity with assets and liabilities distinct from those of the Member, Affiliates of the Member or any other Person, and that, the Company is not a division of any of the Affiliates of the Company or any other Person. In that regard, and without limiting the foregoing in any manner, the Company shall:

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