Common use of Legal Existence and Qualification Clause in Contracts

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect.

Appears in 6 contracts

Samples: Growth Capital Loan and Security Agreement (Oaktree Acquisition Corp.), Growth Capital Loan and Security Agreement (Casper Sleep Inc.), Growth Capital Loan and Security Agreement (Casper Sleep Inc.)

AutoNDA by SimpleDocs

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, except as otherwise permitted under Section 12 Paragraph “Mergers or Acquisitions” and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be so qualified could could, individually or in the aggregate, reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Growth Capital Loan and Security Agreement (Aerohive Networks, Inc), Growth Capital Loan and Security Agreement (Aerohive Networks, Inc)

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Growth Capital Loan and Security Agreement (Violin Memory Inc), Growth Capital Loan and Security Agreement (Gevo, Inc.)

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Growth Capital Loan and Security Agreement (Gevo, Inc.), Growth Capital Loan and Security Agreement (Gevo, Inc.)

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to would result in an event which, individually or together with any other event, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Genomatica Inc)

AutoNDA by SimpleDocs

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiariessubsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to would result in an event which, individually or together with any other event, would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Growth Capital Loan and Security Agreement (Varonis Systems Inc)

Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’, legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect.. Gevo_0467-GC 12

Appears in 1 contract

Samples: Growth Capital Loan and Security Agreement (Gevo, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!