Common use of Corporate Existence; Foreign Qualification Clause in Contracts

Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (i) maintain and preserve its corporate existence; (ii) be, and ensure that it is, duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and where the failure to so qualify would be reasonably expected to result in a Material Adverse Effect; and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would not, in the aggregate, be reasonably expected to result in a Material Adverse Effect.

Appears in 6 contracts

Samples: Master Motor Vehicle Operating Lease and Servicing Agreement, Servicing Agreement (Zipcar Inc), Vehicle Operating Lease and Servicing Agreement (Zipcar Inc)

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Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (i) maintain and preserve its the corporate existence; existence of the Borrower and each Material Subsidiary of the Borrower (except that inactive Subsidiaries of the Borrower may be merged out of existence or dissolved) and (ii) be, and ensure that it each Material Subsidiary of the Borrower is, duly qualified to do business and (to the extent applicable) be in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and where unless the failure to be so qualify qualified would be reasonably expected to result in a Material Adverse Effect; and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would not, in the aggregate, be reasonably expected to result in not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Renaissancere Holdings LTD)

Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (i) maintain and preserve its corporate existence; existence and corporate power and authority to own its properties and to carry on its business, (ii) be, and ensure that it is, be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and except where the failure to so qualify would be is not reasonably expected likely to result in have a Material Adverse Effect; Effect and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would notis not reasonably likely to, in the aggregate, be reasonably expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Vehicle Lease and Servicing Agreement (Republic Industries Inc)

Corporate Existence; Foreign Qualification. Do (a) ------------------------------------------ Leasco will do and cause to be done at all times all things necessary to (i) maintain and preserve its corporate existence; existence and (ii) be, and ensure that it is, be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and where the failure to so qualify would be is reasonably expected likely to result in have a Material Adverse Effect; Effect and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would notis not reasonably likely to, in the aggregate, be reasonably expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Ryder TRS Inc)

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Corporate Existence; Foreign Qualification. Do RFC shall do and cause to be done at all times all things necessary to (i) maintain and preserve its corporate existence; existence and corporate power and authority to own its properties and to carry on its business, (ii) be, and ensure that it is, be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and where the failure to so qualify would be is reasonably expected likely to result in have a Material Adverse Effect; Effect and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would notis not reasonably likely to, in the aggregate, be reasonably expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Liquidity Agreement (Republic Industries Inc)

Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (i) maintain and preserve its corporate existence; existence and corporate power and authority to own its properties and to carry on its business, (ii) be, and ensure that it is, be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary and where the failure to so qualify would be is reasonably expected likely to result in have a Material Adverse Effect; Effect and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith would notis not reasonably likely to, in the aggregate, be reasonably expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Second Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)

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