Common use of Legal Existence Clause in Contracts

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 15 contracts

Samples: 364 Day Credit Agreement (CVS/Caremark Corp), Year Credit Agreement (CVS Corp), Year Credit Agreement (CVS/Caremark Corp)

AutoNDA by SimpleDocs

Legal Existence. Except as may otherwise be permitted by Sections 8.3 6.03 and 8.46.04, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 9 contracts

Samples: Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc)

Legal Existence. Except as may otherwise be permitted by Sections Section 8.3 and Section 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 3 contracts

Samples: Bridge Credit Agreement (CVS Caremark Corp), Bridge Credit Agreement (CVS/Caremark Corp), Bridge Credit Agreement (Blue MergerSub Corp.)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.48.7, maintain, and cause each Subsidiary to maintain, its corporate existence in existence, and maintain its good standing in the jurisdiction of its incorporation or formation organization and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 3 contracts

Samples: Credit Agreement (Salem Communications Corp /De/), Security Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/)

AutoNDA by SimpleDocs

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.. 48 DRAFT 11/15/96

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Legal Existence. Except as may otherwise be permitted by Sections SECTIONS 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effectEffect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.