Common use of Corporate Existence; Compliance With Laws; Maintenance of Business; Taxes Clause in Contracts

Corporate Existence; Compliance With Laws; Maintenance of Business; Taxes. (a) Maintain its corporate existence, licenses, permits, rights and franchises, except where the failure to do so would not be expected to have a Material Adverse Effect; (b) comply in all Material respects with all Requirements of Law; (c) conduct its business substantially as now conducted and proposed to be conducted; (d) pay before the same become delinquent and before penalties accrue thereon, all taxes, assessments and other government charges against it and its Property, and all other liabilities except to the extent and so long as the same are being contested in good faith by appropriate proceedings, with adequate reserves having been provided, except where the failure to do so would not be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (First Busey Corp /Nv/), Credit Agreement (First Busey Corp /Nv/), Credit Agreement (Mercantile Bank Corp)

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Corporate Existence; Compliance With Laws; Maintenance of Business; Taxes. (a) Maintain its corporate existence, licenses, permits, rights and franchises, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; (b) comply in all Material material respects with all Requirements of Law, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; (c) conduct its business substantially as now conducted and proposed to be conducted; and (d) pay before the same become delinquent and before penalties accrue thereon, all taxesTaxes, assessments and other government charges against it and its Property, and all other liabilities except to the extent and so long as the same are being contested in good faith by appropriate proceedings, with adequate reserves having been provided, except where the failure to do so would not be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Independent Bank Corp)

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