Common use of Corporate Existence and Good Standing Clause in Contracts

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.

Appears in 11 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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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 Effectmaterial adverse effect on the Borrower's or such Subsidiary's property, business, operations, prospects, or condition (financial or otherwise).

Appears in 4 contracts

Samples: Loan Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (Strategic Distribution Inc), Loan and Security Agreement (Weirton Steel Corp)

Corporate Existence and Good Standing. The Each 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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Worldtex Inc), Loan and Security Agreement (Cerprobe Corp), Loan and Security Agreement (Eftc Corp/)

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 where Borrower leases or owns any Real Property, or in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pac-West Telecomm Inc), Loan and Security Agreement (Pac-West Telecomm Inc)

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 Effectmaterial adverse effect on the Borrower's Property, business, operations, prospects, or condition (financial or otherwise).

Appears in 2 contracts

Samples: Loan and Security Agreement (TFC Enterprises Inc), Loan and Security Agreement (Emergent Group Inc)

Corporate Existence and Good Standing. The Borrower shall, and shall cause each of its Restricted Subsidiaries toto (subject to the provisions of Section 9.8), maintain its corporate (or other legal form) 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 Effectmaterial adverse effect on the Borrower’s or such Restricted Subsidiary’s property, business, operations or condition (financial or otherwise).

Appears in 2 contracts

Samples: Term Loan Agreement (Spansion Inc.), Term Loan Agreement (Advanced Micro Devices Inc)

Corporate Existence and Good Standing. The Borrower shall, and shall cause each of its Restricted Subsidiaries toto (subject to the provisions of Section 9.8), 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 Effectmaterial adverse effect on the Borrower’s or such Restricted Subsidiary’s property, business, operations or condition (financial or otherwise).

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Advanced Micro Devices Inc), Loan and Security Agreement (Advanced Micro Devices Inc)

Corporate Existence and Good Standing. The Each 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 Effectmaterial adverse effect on such Borrower's or such Subsidiary's property, business, operations, prospects, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Waxman Industries Inc)

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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 EffectEffect on the Borrower's Property, business, operations, prospects, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Crown Group Inc /Tx/)

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; provided that any Subsidiary of the Borrower may merge, consolidate, reorganize, liquidate, wind-up, dissolve or transfer all or substantially all of its assets as permitted under Section 9.9.

Appears in 1 contract

Samples: Loan and Security Agreement (Merisel Inc /De/)

Corporate Existence and Good Standing. The Such 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 Effectmaterial adverse effect on such Borrower's or such Subsidiary's property, business, operations, prospects, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Distribution Inc)

Corporate Existence and Good Standing. The Such 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 Effectmaterial adverse effect on such Borrower's or Subsidiary's property, business, operations, prospects, or condition (financial or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

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