Common use of Maintain Corporate or Other Existence and Status Clause in Contracts

Maintain Corporate or Other Existence and Status. subject to Section 9.2(d) hereof, the Borrower shall and shall cause each other Loan Party to maintain its corporate, partnership or trust existence, as applicable, and duly register and qualify and remain duly registered and qualified to do business or own or lease property or assets in each jurisdiction in which the nature of any business transacted by it, or the character of any properties or assets owned or leased by it, requires such registration or qualification, except to the extent such failure to be so registered or qualified would not reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (PRECISION DRILLING Corp)

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Maintain Corporate or Other Existence and Status. subject to Section 9.2(d) hereof, the Borrower shall and shall cause each other Loan Party to maintain its corporate, partnership or trust existence, as applicable, in good standing and duly register and qualify and remain duly registered and qualified to do business or own or lease property or assets Property in each jurisdiction in which the nature of any business transacted by it, its Business or the character of any properties or assets Property owned or leased by it, requires such registration or qualification, except to the extent such failure to be so registered or qualified would not reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

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Maintain Corporate or Other Existence and Status. subject to Section 9.2(d) hereof, the Borrower shall and shall cause each other Loan Party to maintain its corporate, partnership or trust existence, as applicable, and duly register and qualify and remain duly registered and qualified to do business or own or lease property or assets in each jurisdiction in which the nature of any business transacted by it, or the character of any properties or assets owned or leased by it, requires such registration or qualification, except to the extent such failure to be so registered or qualified would not reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Precision Diversified Oilfield Services Corp.)

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