Maintenance and Continuity of Business Sample Clauses

Maintenance and Continuity of Business. The Borrower shall maintain its corporate existence in compliance with all applicable laws. The Borrower shall conduct its business with due diligence and efficiency, in accordance with sound engineering, financial and business practices and in compliance with all applicable laws, including all money laundering laws. The Borrower shall use procurement methods which ensure a sound selection of goods and services at fair market value and that the Borrower is making its capital investments in a cost effective manner.
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Maintenance and Continuity of Business. (a) The Borrower shall, and shall cause each Subsidiary to, maintain its corporate existence in good standing under the laws of its state of organisation. The Borrower shall, and shall cause each Subsidiary to, qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is necessary in view of its business, operations and properties, except to the extent that failure to so qualify could not reasonably be expected to have a Material Adverse Effect.
Maintenance and Continuity of Business. (a) Borrower shall maintain and shall cause each Affiliate to maintain their respective corporate existences in good standing and in compliance with all applicable laws and regulations, and Borrower shall maintain and shall cause each Affiliate to maintain the present character of their respective businesses.
Maintenance and Continuity of Business. The Borrower shall maintain, and shall procure that BKÜ maintains, its corporate existence in compliance with all applicable laws. The Borrower shall conduct, and shall procure that BKÜ conducts, its business with due diligence and efficiency, in accordance with sound engineering, financial and business practices and in compliance with all applicable laws, including all money laundering laws.
Maintenance and Continuity of Business. Southland (i) shall maintain its corporate existence under and in material compliance with all applicable corporate and tax laws, (ii) shall maintain its corporate rights, privileges and franchises which are in any way relevant to the performance of its obligations, or the receipt of any benefits hereunder, under the Master Agreement and under the Security Documents or to the collateral security, for its obligations under this Agreement the Security Documents, and (iii) shall conduct its business with respect to the Master Agreement, 7-Eleven convenience store operations in Japan and the Security Documents in material compliance with all applicable laws and with all regulations and governmental guidelines having the force of law.
Maintenance and Continuity of Business. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its valid existence under, and in compliance with, all applicable laws, rules and regulations and shall maintain all necessary licenses and the present character of its business, except where such noncompliance or failure to maintain licenses or the present character of business could not have a Material Adverse Effect. The Borrower shall, and shall cause its Subsidiaries to, conduct its business in compliance with all applicable laws, rules and regulations binding on it or any of its operations or properties, including but not limited to employment, employee benefit, occupational health and safety, superannuation and environmental laws, rules and regulations, except where such noncompliance could not have a Material Adverse Effect.
Maintenance and Continuity of Business. (a) Each of the Support Parties hereby irrevocably and unconditionally undertakes to EBRD that it shall maintain its corporate existence in full compliance with Applicable Law.
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Maintenance and Continuity of Business. The Borrower shall not (whether by a single transaction or a number of related or unrelated transactions and whether at the same time or over a period of time), without the prior written consent of the Administrative Agent, as directed by a Majority of the Lenders:
Maintenance and Continuity of Business. Disney shall maintain its corporate existence, rights, privileges and franchises under and in compliance with all applicable corporate and tax laws and shall conduct its business, in all material respects, in compliance with all applicable laws and with all regulations and governmental guidelines having the force of law.

Related to Maintenance and Continuity of Business

  • Operation of Business Each of Borrower and its Subsidiaries possesses all licenses, permits, consents, authorizations, franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially as now conducted and as presently proposed to be conducted, and neither Borrower nor any of its Subsidiaries is in violation of any valid rights of others with respect to any of the foregoing which could result in a Material Adverse Event.

  • Continuity of Services A. The Contractor recognizes that the service(s) to be performed under this Contract are vital to the State and must be continued without interruption and that, upon Contract expiration, a successor, either the State or another contractor, may continue them. The Contractor agrees to:

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

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