Common use of Existence; Qualification Clause in Contracts

Existence; Qualification. The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the Properties are located.

Appears in 10 contracts

Samples: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)

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Existence; Qualification. The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the Properties are located.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)

Existence; Qualification. The Borrowers Each Borrower will at all times preserve and keep in full force and effect their its existence as a limited partnership, limited liability company, or corporation, as the case may be, be and all rights and franchises material to its business, including their its qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, Sole Member shall at all times be qualified to do business in each of the states state where the Properties are located.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

Existence; Qualification. The Borrowers will at all times preserve and keep in full force and effect their its existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their its qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner Borrowers and Member, shall at all times be qualified to do business in each of the states where such qualification is required to continue the Properties are locatedbusiness of the Borrowers as in effect on the Closing Date.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Lodgian Inc), Mezzanine Loan Agreement (Lodgian Inc)

Existence; Qualification. The Borrowers Borrower will at all times preserve and keep in full force and effect their its existence as a limited partnership, limited liability company, or corporation, as the case may be, company and all rights and franchises material to its business, including their its qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each the Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where such qualification is required to continue the Properties are locatedbusiness of the Borrower as in effect on the Closing Date.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Lodgian Inc), Mezzanine Loan Agreement (Lodgian Inc)

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Existence; Qualification. The Borrowers Borrower will at all times preserve and keep in full force and effect their its existence as a limited partnership, limited liability company, or corporation, as the case may be, be and all rights and franchises material to its business, including their its qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states state where the Properties are any Individual Property is located.

Appears in 1 contract

Samples: Loan and Security Agreement (Investors Real Estate Trust)

Existence; Qualification. The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the its Properties are located.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Signal Inc)

Existence; Qualification. The Borrowers will at all times preserve and keep in full force and effect their its existence as a limited partnership, limited liability company, or corporation, as the case may be, company and all rights and franchises material to its business, including their its qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states state where the Properties are Individual Property owned by it is located.

Appears in 1 contract

Samples: Loan and Security Agreement (Education Realty Trust, Inc.)

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