Common use of Corporate Existence and Rights Clause in Contracts

Corporate Existence and Rights. Borrower shall do (or cause to be done) all things necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a failure to do so could not reasonably be expected to have a Material Adverse Effect. Borrower shall (and Borrower shall cause each of its Subsidiaries to) obtain and maintain any and all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its property or the conduct of its businesses.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Rti Surgical, Inc.), Loan Agreement (RTI Biologics, Inc.)

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Corporate Existence and Rights. Borrower shall do (or cause to be done) all things necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a standing in all jurisdictions where its failure to do so could not reasonably be expected to have in good standing might result in a Material Adverse Effect. Borrower shall (, and Borrower shall cause each all of its Subsidiaries to) obtain rights, licenses and maintain any and all licensesfranchises, permits, franchises or other governmental authorizations necessary to the ownership absence of its property or the conduct of its businesseswhich might result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Ecc International Corp)

Corporate Existence and Rights. Borrower and each of its Subsidiaries shall do (or cause to be done) all things necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a failure to do so could not reasonably be expected to have a Material Adverse Effect. Borrower shall (and Borrower shall cause each of its Subsidiaries to) shall obtain and maintain any and all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its property Property or to the conduct of its businesses.

Appears in 1 contract

Samples: Loan and Security Agreement (Lakeland Industries Inc)

Corporate Existence and Rights. Borrower shall do (or cause to be done) all things necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a standing in all jurisdictions where its failure to do so could not reasonably be expected to have in good standing would likely result in a Material Adverse Effect. Borrower shall (, and Borrower shall cause each all of its Subsidiaries to) obtain rights, licenses and maintain any and all licensesfranchises, permits, franchises or other governmental authorizations necessary to the ownership absence of its property or the conduct of its businesseswhich might result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Corporate Existence and Rights. Each Borrower shall do (or cause ------------------------------ to be done) all things necessary to preserve and keep in full force and effect its (and each of its Subsidiaries Subsidiaries') existence, good standing, rights and franchises, except to the extent a standing in all jurisdictions where its failure to do so could not reasonably be expected to have in good standing might result in a Material Adverse Effect. Borrower shall (, and Borrower shall cause each all of its Subsidiaries to) obtain rights, licenses and maintain any and all licensesfranchises, permits, franchises or other governmental authorizations necessary to the ownership absence of its property or the conduct of its businesseswhich might result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

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Corporate Existence and Rights. Each Borrower shall do (or cause ------------------------------ to be done) all things necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a standing in all jurisdictions where its failure to do so could not reasonably be expected to have in good standing might result in a Material Adverse Effect. Borrower shall (, and Borrower shall cause each all of its Subsidiaries to) obtain rights, licenses and maintain any and all licensesfranchises, permits, franchises or other governmental authorizations necessary to the ownership absence of its property or the conduct of its businesseswhich might result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Corporate Existence and Rights. Borrower shall do (or cause to be done) all things reasonably necessary to preserve and keep in full force and effect its and each of its Subsidiaries existence, good standing, rights and franchises, except to the extent a failure to do so could not reasonably be expected to have a Material Adverse Effect. Borrower shall (and Borrower shall cause each of its Subsidiaries to) obtain and maintain any and all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its property the Property or the conduct of its businesses, except where the failure to obtain or maintain could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Lightpath Technologies Inc)

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