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, good standing, rights and franchises except which failure to do so could not cause or result in an Material Adverse Effect.
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Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial 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 and good standing, rights and franchises except which standing in all jurisdictions where its failure to do so could not cause or 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 an a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Resource America 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, good standing, rights and franchises except which failure to do so could not cause or result in an a Material Adverse Effect.
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