Common use of Legal Existence, Etc Clause in Contracts

Legal Existence, Etc. Subject to Section 10.2, the Company will at all times preserve and keep in full force and effect its corporate existence. Subject to Sections 10.2 and 10.11, the Company will, and will cause each Restricted Subsidiary to, at all times preserve and keep in full force and effect the existence of each Restricted Subsidiary (unless merged into the Company or another Restricted Subsidiary) and all rights and franchises of the Company and each Restricted Subsidiary unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise could not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 4 contracts

Samples: Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Obsidian Energy Ltd.)

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Legal Existence, Etc. Subject to Section 10.2and except as permitted by Sections 10.6, 10.7 and 23.3, the Company will at all times preserve and keep in full force and effect its corporate existence. Subject to Sections 10.2 existence and 10.11, the Company will, and will cause each Restricted Subsidiary to, at all times preserve and keep in full force and effect the legal existence of each of the Restricted Subsidiary Subsidiaries (unless merged merged, amalgamated, consolidated or wound-up into the Company or another Restricted a Wholly-owned Subsidiary) and all rights and franchises of the Company and each the Restricted Subsidiary Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise could not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 3 contracts

Samples: Note Purchase Agreement (ENERPLUS Corp), Subordination Agreement (ENERPLUS Corp), Guarantee and Subordination Agreement (Enerplus Resources Fund)

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Legal Existence, Etc. Subject to Section 10.2, the The Company will at all times preserve and keep in full force and effect its corporate existence. Subject to Sections 10.2 10.6 and 10.1110.7, the Company will, and will cause each Restricted Subsidiary to, at all times preserve and keep in full force and effect the legal existence of each of its Restricted Subsidiary Subsidiaries (unless merged merged, amalgamated, consolidated or wound-up into the Company or another a Wholly-owned Restricted Subsidiary) and all rights and franchises of the Company and each its Restricted Subsidiary Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise could not, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Note Purchase Agreement (Enerplus Resources Fund)

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