Common use of Corporate Existence; Maintenance of Properties Clause in Contracts

Corporate Existence; Maintenance of Properties. The Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries. The Company (i) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (ii) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iii) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; PROVIDED that nothing in this Section 9.6 shall prevent the Company from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Company, desirable in the conduct of its or their business and that do not in the aggregate materially adversely affect the business of any of the Company and its Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Transtechnology Corp)

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Corporate Existence; Maintenance of Properties. The Company Each of the Borrowers will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries. The Company Each of the Borrowers (i) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (ii) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company such Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iii) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; PROVIDED provided that nothing in this Section section 9.6 shall prevent the Company any Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Companysuch Borrower, desirable in the conduct of its or their business and that do not in the aggregate materially adversely affect the business of any of the Company Borrowers and its their Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (Ict Group Inc)

Corporate Existence; Maintenance of Properties. The Company Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries. The Company Borrower (ia) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (iib) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iiic) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them it and in related businesses; PROVIDED provided that nothing in this Section 9.6 7.6 shall prevent the Company Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the CompanyBorrower, desirable in the conduct of its or their business and that do not in the aggregate materially adversely affect the business of any of the Company Borrower and its Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

Corporate Existence; Maintenance of Properties. The Company Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries. The Company It (ia) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (iib) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iiic) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; PROVIDED that nothing in this Section 9.6 5.6 shall prevent the Company Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the CompanyBorrower, desirable in the conduct of its or their business and that do does not in the aggregate materially adversely affect the business of any of the Company Borrower and its Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

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Corporate Existence; Maintenance of Properties. The Company Borrower will do or cause to be done all things necessary to tO preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries. The Company It (ia) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (iib) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iiic) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them and in related businesses; PROVIDED that nothing in this Section 9.6 5.6 shall prevent the Company Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the CompanyBorrower, desirable in the conduct of its or their business and that do does not in the aggregate materially adversely affect the business of any of the Company Borrower and its Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

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