Common use of Legal Existence and Good Standing Clause in Contracts

Legal Existence and Good Standing. Maintain their respective legal existences and qualifications and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co)

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Legal Existence and Good Standing. Maintain their respective Each Obligor shall, and shall cause each of its Subsidiaries to, maintain its legal existences existence and qualifications its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing would could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit and Security Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc), Loan and Security Agreement (Spherion Corp)

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