Limited Partnership Existence Clause Samples
Limited Partnership Existence. Subject to the rights of the General Partner under Article Eleven, so long as the Securities of any series remain outstanding, the General Partner of the Company shall (a) maintain direct or indirect ownership of all general partnership interests in the Company, provided that certain successors which are permitted pursuant to Article Eleven hereof may succeed to the General Partner's ownership of such general partnership interests, (b) not voluntarily (to the extent permitted by law) dissolve, liquidate or wind up except in connection with certain mergers, conversions, consolidations or amalgamations permitted by Article Eleven hereof, (c) timely perform in all material respects all of its duties as General Partner (including the duty to pay all costs and expenses), provided that certain successors which are permitted pursuant hereto may directly or indirectly succeed to its duties as General Partner and (d) do or cause to be done all things necessary to preserve and keep in full force and effect the Company's limited partnership existence and otherwise continue to cause the Company to be treated as a company for Australian tax purposes and as a partnership for US federal income tax purposes.
Limited Partnership Existence. To maintain Borrower's limited partnership existence in good standing, provided, however, that Lender acknowledges that Borrower is considering its reorganization as a "C" corporation, which reorganization shall be permitted with the prior written consent of Lender, which consent shall not be unreasonably withheld.
Limited Partnership Existence. Praxis is a limited partnership duly organized, validly existing, and in good standing under the laws of the State of Hawaii.
Limited Partnership Existence. Lessee is a limited partnership duly formed validly existing and in good standing under the laws of the State of Delaware, and Lessee is duly qualified or licensed and in good standing as a foreign limited partnership authorized to do business in each state where, because of the nature of its activities or properties, such qualification or licensing is required, except for such jurisdictions where the failure to be so qualified or licensed would not have a Material Adverse Effect.
Limited Partnership Existence. The Borrower shall preserve and maintain its limited partnership existence, rights, franchises and licenses, and will not liquidate, dissolve, or merge, or consolidate with or into any other entity, or sell, lease, transfer or otherwise dispose of all or a substantial part of its assets without the Bank's prior written consent.
Limited Partnership Existence. Except as otherwise permitted by Article V, the Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a limited partnership and the corporate, partnership or other existence of each of its Restricted Subsidiaries in accordance with the respective organizational documents of each such Restricted Subsidiary and the rights (charter and statutory) and material franchises of each of its Restricted Subsidiaries; provided, however, that the Issuer shall not be required to preserve any such right, franchise, limited partnership or corporate existence with respect to each such Restricted Subsidiary if the General Partner of the Issuer shall determine that the loss thereof would not, individually or in the aggregate, have a material adverse effect on the business, financial condition or results of operations of the Issuer and its Restricted Subsidiaries taken as a whole.
Limited Partnership Existence. The Servicer shall maintain its existence as a limited partnership and shall at all times continue to be duly organized under the laws of the State of Delaware and duly qualified and duly authorized to conduct its business, and shall conduct its business in accordance with the terms of its limited partnership agreement.
Limited Partnership Existence. Seller is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Texas. SASEL owns one percent (1%) of the partnership interests in Seller and is the sole general partner of Seller. ▇▇▇▇▇▇▇ owns all of the limited liability company interests in SASEL. Deadhorse owns fifty-nine percent (59%) of the partnership interests in Seller and is a limited partner in Seller. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ each own twenty percent (20%) of the partnership interests in Seller. There are no outstanding contracts or agreements relating to the issuance, sale or transfer of any equity interests in Seller. Seller has the power and authority to conduct the Business and to own and lease all of its properties and assets related to the Business (including the Assets). Seller is duly qualified or licensed to do business and is in good standing under the laws of the State of Texas and in each other jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary. Except as disclosed in Schedule 4.1, Seller has no subsidiaries and does not own shares of the capital stock (or equity interests in) of any other entity.