Common use of Corporate Existence and Rights Clause in Contracts

Corporate Existence and Rights. Borrower shall do, and shall cause each Subsidiary Guarantor to do (or cause to be done), all things necessary to preserve and keep in full force and effect its existence and good standing in all jurisdictions where its failure to be in good standing might have a Material Adverse Effect, and all of its rights, licenses and franchises, the absence of which might result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Resource America Inc)

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Corporate Existence and Rights. The Borrower shall do, and shall cause each Subsidiary Guarantor to do (or cause to be done), ) all things necessary to preserve and keep in full force and effect its existence and existence, good standing in all jurisdictions where its failure to be in good standing might have would likely result in a Material Adverse Effect, and all of its rights, licenses and franchises, the absence of which might result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (RCM Technologies Inc), Loan and Security Agreement (RCM Technologies Inc)

Corporate Existence and Rights. Except as provided in Section 7.1(c), Borrower shall do, and shall cause each Subsidiary Guarantor to do (or cause to be done), all things necessary to preserve and keep in full force and effect its existence existence, good standing, rights and good standing in all jurisdictions where its franchises except which failure to be in good standing might have a Material Adverse Effect, and all of its rights, licenses and franchises, the absence of which might do so could not cause or result in a an Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

Corporate Existence and Rights. Borrower shall do, and shall cause each Subsidiary Guarantor to do (or cause to be done), all things necessary to preserve and keep in full force and effect its existence existence, good standing, rights and good standing in all jurisdictions where its franchises except which failure to be in good standing might have a Material Adverse Effect, and all of its rights, licenses and franchises, the absence of which might do so could not cause or result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (COHEN & Co INC.)

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Corporate Existence and Rights. Each Borrower shall do, and shall cause each Subsidiary Guarantor to do (or cause ------------------------------ to be done), ) all things necessary to preserve and keep in full force and effect its existence and existence, good standing in all jurisdictions where its failure to be in good standing might have result in a Material Adverse Effect, and all of its rights, licenses and franchises, the absence of which might result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

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