Common use of Corporate Existence and Good Standing Clause in Contracts

Corporate Existence and Good Standing. The Borrower shall preserve its corporate existences in good standing and shall be and remain qualified to do business and in good standing in all states and countries in which it is required to be so qualified.

Appears in 2 contracts

Samples: Loan Agreement (Primeholdings Com Inc), Loan Agreement (Primeholdings Com Inc)

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Corporate Existence and Good Standing. The Borrower shall preserve its corporate existences existence in good standing and shall be and remain qualified to do business and in good standing in all states and countries in which it is required the nature and conduct of its business operations requires qualification and in which the failure to be so qualifiedqualified would have a materially adverse affect on the business operation and financial condition of the Borrower taken as a whole.

Appears in 1 contract

Samples: Loan Agreement (Pomeroy Computer Resources Inc)

Corporate Existence and Good Standing. The Each of the Borrower and the Subsidiaries shall preserve its corporate existences existence in good standing and shall be and remain qualified to do business and in good standing in all states and countries in which it is required to be so qualifiedqualified and where the failure to be so qualified would have a Material Adverse Effect upon the business of such entity.

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

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Corporate Existence and Good Standing. The Borrower shall preserve its corporate existences existence in good standing and shall be and remain qualified to do business and in good standing in all states and countries in which it is required to be so qualified.

Appears in 1 contract

Samples: Loan Agreement (Papa Johns International Inc)

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