Common use of Maintain Existence and Current Legal Form of Business Clause in Contracts

Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership or limited liability company, (a) maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, (c) without the Bank’s prior written consent, change Guarantor’s name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 3 contracts

Samples: Loan Agreement (Goldfield Corp), Loan Agreement (Goldfield Corp), Loan Agreement (Goldfield Corp)

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Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership, limited liability limited partnership or limited liability company, (a) maintain its existence and good standing in the state jurisdiction of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, (c) not without the Bank’s prior written consent, change Guarantor’s name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership, limited liability limited partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Hallwood Group Inc)

Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership or limited liability company, company (a) maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, (c) without the Bank’s prior written consent, not change Guarantor’s name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Patriot Transportation Holding, Inc.)

Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership or limited liability company, (a) maintain its existence and good standing in the state province of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, (c) without the Bank’s 's prior written consent, change Guarantor’s 's name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (de) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or of limited liability company in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Loan Agreement (International Absorbents Inc)

Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership or limited liability company, (a) maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, (c) without the Bank’s prior written consent, change Guarantor’s name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify qualify’ and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Loan Agreement (RGC Resources Inc)

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Maintain Existence and Current Legal Form of Business. If such Guarantor is a corporation, partnership, limited partnership, limited liability partnership partnership, or limited liability company, company (a) maintain its existence and good standing in the state jurisdiction of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by such Guarantor to Bank in connection with the Loan, (c) not without the Bank’s prior written consent, change such Guarantor’s name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership partnership, or limited liability company in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

Maintain Existence and Current Legal Form of Business. If Guarantor is a corporation, partnership, limited partnership, limited liability partnership or limited liability company, (a) maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business as shown on the guaranty agreement provided by Guarantor to Bank in connection with the Loan, and (c) without the Bank’s 's prior written consent, change Guarantor’s 's name, or enter into any merger, consolidation, reorganization or exchange of stock, ownership interests or assets, and (d) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Loan Agreement (Uci Medical Affiliates Inc)

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