Common use of Independent Existence Clause in Contracts

Independent Existence. The joint and several liability of Borrowers for the Obligations does not impair their separate legal existence, and Borrowers warrant and represent that they do, and agree that they shall continue to, conduct their affairs so as to maintain their separate legal existence.

Appears in 4 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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Independent Existence. The joint and several liability of Borrowers for the Obligations under this Agreement does not impair their separate legal existence, and Borrowers warrant and represent that they do, and agree that they shall continue to, conduct their affairs so as to maintain their separate legal existence.

Appears in 1 contract

Samples: Credit Agreement (Raymond James Financial Inc)

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