Corporate Existence and Status. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has been duly organized, is validly existing and in good standing under the laws of the jurisdiction of its incorporation and is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, except where the failure to be so qualified would not reasonably be expected to result in a Material Adverse Change. Each of the Borrower, the Parent and each Significant Subsidiary of the Parent has all corporate power and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted.
Corporate Existence and Status. Borrower shall maintain its corporate existence and good standing in its state of incorporation and its qualification and good standing as a foreign corporation in all jurisdictions where such qualification is required under applicable law, and shall conduct its business in the manner in which it is now conducted subject only to changes in the ordinary course of business.
Corporate Existence and Status. Maintain its corporate existence and remain in good standing under the laws of each jurisdiction where the Company is duly qualified to conduct its business.
Corporate Existence and Status. Maintain its corporate existence and remain in good standing under the laws of each jurisdiction where the Borrower is duly qualified to conduct its business.
Corporate Existence and Status. Except as permitted in Section 6.9 hereof, the Company will, and will cause each Restricted Subsidiary to, maintain and preserve (i) its corporate existence and (ii) all rights, privileges, licenses and other authority necessary for the conduct of its businesses except where the failure to maintain, preserve and keep such rights, privileges, licenses and other authority would not have a material adverse effect on the properties, business, operations or condition (financial or otherwise) of the Company and its Subsidiaries taken as a whole. The Company will, and will cause each Restricted Subsidiary to, continue to conduct its business in an orderly manner and without any material voluntary interruption.
Corporate Existence and Status. Buyer is a limited liability company duly organized, entitled to conduct business and validly existing in good standing under the laws of the State of California.
Corporate Existence and Status. Borrower will cause to be done all things necessary to preserve and keep in full force and effect its existence and rights, to conduct its business in a prudent manner, to maintain in full force and effect, and renew from time to time, its franchises, permits, licenses, patents, and trademarks that are necessary to operate its business. The Borrower will comply in all material respects with all valid laws and regulations now in effect or hereafter promulgated by any properly constituted governmental authority having jurisdiction; provided, however, that the Borrower shall not be required to comply with any law or regulation which it is contesting in good faith by appropriate proceedings as long as either the effect of such law or regulation is stayed pending the resolution of such proceedings or the effect of not complying with such law or regulation is not to jeopardize any franchise, license, permit patent, or trademark necessary to conduct the Borrower's business.
Corporate Existence and Status. Except with the prior written consent of the Bank, maintain the corporate existence of Borrower in good standing under the laws of each jurisdictions described in Section 1(a) of this Agreement and not amend, without prior written notice to Bank, the Articles of Incorporation or Regulations, or fiscal year for tax and accounting purposes of Borrower.
Corporate Existence and Status. The Company covenants and agrees that until the Termination Date, while the Warrants (or remaining portion thereof) shall be outstanding, the Company shall use its reasonable commercial efforts to (i) preserve and maintain its corporate existence; and (ii) maintain its status as a “reporting issuer” (or the equivalent thereof) not in default of the requirements of applicable securities laws in the Canadian jurisdictions in which the Company is, or hereafter becomes, a “reporting issuer”; provided that this covenant shall not prevent the Company from completing any transaction which would result in the Company to cease its corporate existence or the Company ceasing to be a “reporting issuer”, so long as the holders of Common Shares receive securities of an entity which is listed on a stock exchange in the United States or cash, or the holders of Common Shares have approved the transaction in accordance with the requirements of applicable corporate and securities laws and stock exchange rules and policies.
Corporate Existence and Status. (i) The Sellers are corporations or limited liability companies, as the case may be, duly organized, validly existing, and in good standing (to the extent the concept of good standing is applicable in their jurisdiction of incorporation) under the Laws of their respective jurisdictions of incorporation or formation.
(ii) Each Seller is qualified to do business and is in good standing (to the extent the concept of good standing is applicable in a particular jurisdiction) in all jurisdictions in which the character of the properties owned, leased or operated by it or the nature of the Business makes such qualification necessary.
