Common use of Existence, Properties, Etc Clause in Contracts

Existence, Properties, Etc. (a) Each Grantor shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s due organization, valid existence and good standing under the laws of its state of incorporation, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse Effect; and (b) each Grantor shall not do, or cause to be done, any act impairing the Grantor’s corporate power or authority (i) to carry on such Grantor’s business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements collectively shall be referred to as the “Loan Instruments”) to which it is or will be a party, or perform any of its obligations hereunder or thereunder. For purpose of this Agreement, the term “Material Adverse Effect” means any material and adverse affect as determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ ability to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.

Existence, Properties, Etc. (a) Each Grantor shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s due organization, valid existence and good standing under the laws of its country or state of incorporationincorporation or organization, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse EffectEffect (as defined below); and (b) each Grantor shall not do, or cause to be done, any act impairing the Grantor’s corporate power or authority (i) to carry on such the Grantor’s business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements other loan instruments collectively shall be referred to as the “Loan Instruments”) to which it is or will be a party, or perform any of its obligations hereunder or thereunder. For purpose of this Agreement, the term “Material Adverse Effect” means shall mean any material and adverse affect as determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ ability to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.

Existence, Properties, Etc. (a) Each The Grantor shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s due organization, valid existence and good standing under the laws of its state of incorporation, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse EffectEffect (as defined below); and (b) each the Grantor shall not do, or cause to be done, any act impairing the Grantor’s corporate power or authority (i) to carry on such the Grantor’s business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements other loan instruments collectively shall be referred to as the “Loan Instruments”) to which it is or will be a party, or perform any of its obligations hereunder or thereunder. For purpose of this Agreement, the term “Material Adverse Effect” means shall mean any material and adverse affect effect as determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ Grantor’s assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ Grantor’s ability to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.

Existence, Properties, Etc. (a) Each Grantor shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s due organization, valid existence and good standing under the laws of its state of incorporation, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse EffectEffect (as defined below); and (b) each Grantor shall not do, or cause to be done, any act impairing the Grantor’s corporate power or authority (i) to carry on such the Grantor’s business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements other loan instruments collectively shall be referred to as the “Loan Instruments”) to which it is or will be a party, or perform any of its obligations hereunder or thereunder. For purpose of this Agreement, the term “Material Adverse Effect” means shall mean any material and adverse affect as determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ Grantor’s assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ Grantor’s ability to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.. Signature page to Closing Statement

Existence, Properties, Etc. (a) Each Grantor The Company shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s Company's due organization, valid existence and good standing under the laws of its state of incorporation, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse EffectEffect (as defined below); and (b) each Grantor the Company shall not do, or cause to be done, any act impairing the Grantor’s Company's corporate power or authority (i) to carry on such Grantor’s the Company's business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements other loan instruments collectively shall be referred to as the “"Loan Instruments”") to which it is or will be a party, or perform any of its ---------------- obligations hereunder or thereunder. For purpose of this Agreement, the term “"Material Adverse Effect” means " shall mean any material and adverse affect as ------------------------- determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ Company's assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ ability Company's to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.)

Existence, Properties, Etc. (a) Each Grantor shall do, or cause to be done, all things, or proceed with due diligence with any actions or courses of action, that may be reasonably necessary (i) to maintain Grantor’s due organization, valid existence and good standing under the laws of its state of incorporation, and (ii) to preserve and keep in full force and effect all qualifications, licenses and registrations in those jurisdictions in which the failure to do so could have a Material Adverse EffectEffect (as defined below); and (b) each Grantor shall not do, or cause to be done, any act impairing the Grantor’s corporate power or authority (i) to carry on such the Grantor’s business as now conducted, and (ii) to execute or deliver this Agreement or any other agreement or document delivered in connection herewith, including, without limitation, the Guaranty , any other collateral documents, any UCC-1 Financing Statements required by the Secured Party (which documents, instruments, and agreements other loan instruments collectively shall be referred to as the “Loan Instruments”) to which it is or will be a party, or perform any of its obligations hereunder or thereunder. For purpose of this Agreement, the term “Material Adverse Effect” means shall mean any material and adverse affect as determined by Secured Party in its reasonable discretion, whether individually or in the aggregate, upon (a) the Grantors’ Grantor’s assets, business, operations, properties or condition, financial or otherwise; (b) the Grantors’ Grantor’s ability to make payment as and when due of all or any part of the Obligations; or (c) the Pledged Property.