Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational existence and good standing in the State in which such Person is organized and shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction in which Borrower is organized, if applicable, (b) Borrower shall meet, and shall cause each Loan Party to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.), Guaranty and Security Agreement (Cinedigm Corp.), Loan, Guaranty and Security Agreement (Cinedigm Corp.)
Good Standing and Government Compliance. Borrower and each other (a) Each Loan Party shall maintain its, and each of its organizational Subsidiaries’ (i) limited liability company, partnership or corporate existence, as applicable, unless (other than in the case of Borrower) the failure to maintain any such existence could not reasonably be expected to have a Material Adverse Effect, and (ii) good standing in the State in which such Person is organized and its respective jurisdiction of organization or incorporation and, as applicable, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify maintain good standing could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction in which Borrower is organized, if applicable, (b) Borrower shall meet. Each Loan Party shall, and shall cause each Loan Party to meetof its subsidiaries to, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where thereunder, except, in each case, to the extent that the failure to do so comply could not reasonably be expected to have a Material Adverse Effect. Borrower Each Loan Party shall comply, and shall cause each Loan Party of its Subsidiaries to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subjectsubject (including any zoning, mining, building ordinance, code or approval), and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan Agreement (Contura Energy, Inc.), Loan Agreement (Contura Energy, Inc.)
Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries' corporate existence and good standing in the State in which such Person is organized and Borrower State, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could would not reasonably be expected to have a Material Adverse Effect and (c) Effect. Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank's Lien on the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Spy Optic Inc), Loan and Security Agreement (Serviceware Technologies Inc/ Pa)
Good Standing and Government Compliance. Borrower and each other Each Loan Party shall maintain its organizational existence and good standing in the State its state of incorporation or formation, and shall cause each of its Subsidiaries to maintain its organizational existence and good standing in which such Person is organized its state of incorporation or formation, as applicable, and each shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank Agent the organizational identification number issued to Borrower such Loan Party by the authorities of the jurisdiction in which Borrower it is organized, if applicable, (b) Borrower . Each Loan Party shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Borrower . Each Loan Party shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower Each Loan Party shall complycomply in all material respects, and shall cause each Loan Party Subsidiary to comply, with all material statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, in each case, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.)
Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries' corporate existence and good standing in the State in which such Person is organized and Borrower State, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could be reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, ERISA except to the extent where the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Effect. Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could be reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would could reasonably be expected to have a Material Adverse Effect.
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Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries' corporate existence and good standing in the State in which such Person is organized and Borrower State, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could would not reasonably be expected to have a Material Adverse Effect and (c) Effect. Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank's Lien on the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Citadel Security Software Inc)
Good Standing and Government Compliance. Borrower shall maintain, and each other Loan Party shall maintain at Agent’s request provide Agent evidence of, its organizational existence and good standing in the State in which such Person is organized Borrower State, shall maintain, and shall maintain at Agent’s request provide Agent evidence of, qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank Agent the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Each Loan Party other than Borrower shall meetmaintain, and at Agent’s request provide Agent evidence of, its organizational existence and good standing in its state of organization, shall maintain, and at Agent’s request provide Agent evidence of, qualification and good standing in each other jurisdiction in which the failure to so qualify could have a Material Adverse Effect, and shall cause each furnish to Agent the organizational identification number issued to such Loan Party to meetby the authorities of the state in which such Loan Party is organized, if applicable. Each Loan Party shall meet the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Borrower . Each Loan Party shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Each Loan Party to comply, shall comply with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party to maintain, maintain in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (iLearningEngines, Inc.)
Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries’ corporate existence and good standing in the State in which such Person is organized and Borrower State, shall maintain qualification and good standing in each other jurisdiction in which the failure to maintain or so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Effect. Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (TorreyPines Therapeutics, Inc.)
Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries' corporate existence and good standing in the State in which such Person is organized and their respective states of organization, shall maintain its qualification and good standing in each other jurisdiction in which the failure to so qualify could would reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could would not reasonably be expected to have a Material Adverse Effect and (c) Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, in all material respects, with all statutes, laws, ordinances and government rules and regulations to which it is subject, including all applicable Environmental Laws, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all material licenses, approvals permits and agreementsapprovals, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank's Lien on the Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Orasure Technologies Inc)
Good Standing and Government Compliance. Borrower and each other Each Loan Party shall maintain its organizational existence and good standing in the State its state of incorporation or formation, and shall cause each of its Subsidiaries to maintain its organizational existence and good standing in which such Person is organized its state of incorporation or formation, as applicable, and each shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank Agent the organizational identification number issued to Borrower such Loan Party by the authorities of the jurisdiction in which Borrower it is organized, if applicable, (b) Borrower . Each Loan Party shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans of such Loan Party or Subsidiary subject to ERISA, except to the extent the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Borrower . Each Loan Party shall comply in all material respects with 18 all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower Each Loan Party shall complycomply in all material respects, and shall cause each Loan Party Subsidiary to comply, with all material statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, in each case, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.. 6.2
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Good Standing and Government Compliance. Each of Borrower and each other Loan Party its Subsidiaries shall maintain its organizational corporate existence and good standing in the State in which such Person is organized and its Credit Party State, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower it by the authorities of the jurisdiction Credit Party State in which Borrower it is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party of its Subsidiaries to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect Effect. Borrower shall, and (c) Borrower shall cause each of its Subsidiaries to, comply in all material respects with all applicable Environmental Laws, Laws and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall complyshall, and shall cause each Loan Party to complyof its Subsidiaries to, comply with all statutes, laws, ordinances and government rules and regulations to which it is subject, and Borrower shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Orchid Biosciences Inc)
Good Standing and Government Compliance. Each Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries' corporate existence and good standing in the State in which such Person is organized and its respective Organizational Jurisdiction, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to such Borrower by the authorities of the jurisdiction state in which such Borrower is organized, if applicable, (b) . Each Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could would not reasonably be expected to have a Material Adverse Effect and (c) Effect. Each Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Each Borrower shall comply, and shall cause each Loan Party of its Subsidiaries to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank's Lien on the Collateral.
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Good Standing and Government Compliance. Borrower and each other Loan Party shall maintain its and each of its Subsidiaries' corporate or other organizational existence and good corporate standing in the State in which such Person is organized and respective state of its incorporation or organization, as the case may be, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to Borrower by the authorities of the jurisdiction state in which Borrower is organized, if applicable, (b) . Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could not reasonably be expected to have a Material Adverse Effect and (c) Effect. Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would could reasonably be expected to have a Material Adverse Effect, or a Material Adverse Effect on the Collateral or the priority of Bank's Lien on the Collateral.
Appears in 1 contract
Good Standing and Government Compliance. Each Borrower and each other Loan Party shall maintain its organizational and each of its Subsidiaries’ corporate existence and good standing in the State in which such Person is organized and their respective jurisdictions of formation, shall maintain qualification and good standing in each other jurisdiction in which the failure to so qualify could would reasonably be expected to have a Material Adverse Effect, and shall furnish to Bank the organizational identification number issued to such Borrower by the authorities of the jurisdiction state or province in which such Borrower is organized, if applicable, (b) . Each Borrower shall meet, and shall cause each Loan Party Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except to the extent where the failure to meet such requirements could would not reasonably be expected to have a Material Adverse Effect and (c) Effect. Each Borrower shall comply in all material respects with all applicable Environmental Laws, and maintain all material permits, licenses and approvals required thereunder where the failure to do so could would reasonably be expected to have a Material Adverse Effect. Each Borrower shall comply, and shall cause each Loan Party Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of Loan Party its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which would reasonably be expected to have a Material Adverse Effect.
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