Common use of Existence; Franchises Clause in Contracts

Existence; Franchises. Holdings will, and will cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its rights (charter and statutory), franchises, licenses, permits, copyrights, trademarks, patents and approvals; provided, however, that nothing in this Section 8.04 shall prevent (a) sales of assets and other transactions by Holdings or any of its Subsidiaries in accordance with Section 9.02 or (b) the withdrawal or lapse by Holdings or any of its Subsidiaries of its qualification as a foreign Company in any jurisdiction or the failure to preserve or keep in full force and effect any other right, license, franchise, intellectual property or approval if such withdrawal, lapse or failure could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (J.Jill, Inc.), Loan Credit Agreement (J.Jill, Inc.), Loan Credit Agreement (J.Jill, Inc.)

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Existence; Franchises. Holdings Parent and the Company will, and will cause each of its the Company’s Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its rights (charter and statutory), franchises, licenses, permits, copyrights, trademarks, patents and approvals; provided, however, that nothing in this Section 8.04 9.04 shall prevent (a) sales of assets and other transactions by Holdings Parent, the Company or any of its Subsidiaries in accordance with Section 9.02 10.02 or (b) the withdrawal or lapse by Holdings Parent, the Company or any of its Subsidiaries of its qualification as a foreign Company Organization in any jurisdiction or the failure to preserve or keep in full force and effect any other right, license, franchise, intellectual property or approval if such withdrawal, lapse or failure could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Abl Credit Agreement (J.Jill, Inc.), Abl Credit Agreement and Waiver (J.Jill, Inc.)

Existence; Franchises. Holdings will, and will cause each of its Restricted Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its rights (charter and statutory), franchises, licenses, permits, copyrights, trademarks, patents and approvals; provided, however, that nothing in this Section 8.04 shall prevent (a) sales of assets and other transactions by Holdings or any of its Restricted Subsidiaries in accordance with Section 9.02 or (b) the withdrawal or lapse by Holdings or any of its Restricted Subsidiaries of its qualification as a foreign Company in any jurisdiction or the failure to preserve or keep in full force and effect any other right, license, franchise, intellectual property or approval if such withdrawal, lapse or failure could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Jill Intermediate LLC)

Existence; Franchises. Holdings will, and will cause each of its Subsidiaries toSubsidiaries, to do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its rights (charter and statutory)material rights, franchises, licenses, permits, copyrights, trademarks, licenses and patents and approvals(if any) used in its business; provided, however, that nothing in this Section 8.04 9.04 shall prevent (ai) sales or other dispositions of assets and other transactions assets, consolidations, mergers, dissolutions or liquidations by or involving Holdings or any of its Subsidiaries which are permitted in accordance with Section 9.02 10.02 or (bii) the withdrawal or lapse by Holdings or any of its Subsidiaries of its qualification as a foreign Company corporation, partnership, or limited liability company, as the case may be, in any jurisdiction or the failure to preserve or keep in full force and effect any other right, license, franchise, intellectual property or approval if such withdrawal, lapse or failure withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Trico Marine Services Inc)

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Existence; Franchises. Holdings will, and will cause each of its Subsidiaries toSubsidiaries, to do or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its rights (charter and statutory)material rights, franchises, licenses, permits, copyrights, trademarks, licenses and patents and approvals(if any) used in its business; provided, however, that nothing in this Section 8.04 shall prevent (ai) sales or other dispositions of assets and other transactions assets, consolidations, mergers, dissolutions or liquidations by or involving Holdings or any of its Subsidiaries which are permitted in accordance with Section 9.02 or (bii) the withdrawal or lapse by Holdings or any of its Subsidiaries of its qualification as a foreign Company corporation, partnership, or limited liability company, as the case may be, in any jurisdiction or the failure to preserve or keep in full force and effect any other right, license, franchise, intellectual property or approval if such withdrawal, lapse or failure withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Trico Marine Services Inc)

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