Common use of Corporate Existence and Good Standing Clause in Contracts

Corporate Existence and Good Standing. Parent 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 (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\)

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Corporate Existence and Good Standing. The Parent shall, and shall cause each of its Subsidiaries to, maintain its corporate or partnership existence (except as otherwise permitted under Section 9.9) 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 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

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