Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other property rights necessary to the proper conduct of its business, except where the failure to do so could not reasonably be expected to have a material adverse effect on the Condition of the Company or on the prospects of repayment of the Notes.
Appears in 16 contracts
Samples: Promissory Note (Critical Path Inc), Convertible Subordinated Promissory Note (Critical Path Inc), Convertible Subordinated Promissory Note (Critical Path Inc)
Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, permits and other property rights franchises necessary to the proper conduct of its business, except where the failure to do so could not reasonably be expected to have a material adverse effect on the Condition of the Company or on the prospects of repayment of the Notes.
Appears in 8 contracts
Samples: Note and Warrant Purchase Agreement (Cti Industries Corp), Credit Agreement (JPS Packaging Co), Credit Agreement (Newport Corp)
Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, permits and other property rights franchises necessary to the proper conduct of its business. The foregoing to the contrary notwithstanding, except where this Section 7.1 shall not operate to prevent any merger or consolidation otherwise permitted by Sections 7.10 or 7.11 hereof or the failure to do so could dissolution of any Foreign Subsidiary that is not reasonably be expected to have a material adverse effect on Significant Subsidiary if such action is, in the Condition reasonable business judgment of the Company or on Company, desirable is the prospects conduct of repayment of the Notesits business.
Appears in 5 contracts
Samples: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America)
Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 7.14(c) hereof. The Company shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other property proprietary rights reasonably necessary to the proper conduct of its business, except where the failure to do so could not reasonably be expected to have a material adverse effect on the Condition of the Company or on the prospects of repayment of the Notes.
Appears in 2 contracts
Samples: Credit Agreement (Ha Lo Industries Inc), Credit Agreement (Ha Lo Industries Inc)
Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain of its existence. The Company shall, and shall cause each Subsidiary Subsidiaries to, preserve and keep in force and effect its corporate existence (except to the extent such existence terminates in mergers and consolidations permitted by Section 8.19 hereof) and all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, permits and other property rights franchises necessary to the proper conduct of its business, except where the failure to do so could not reasonably be expected to have a material adverse effect on the Condition of the Company or on the prospects of repayment of the Notes.
Appears in 2 contracts
Samples: Note and Warrant Purchase Agreement (Morton Industrial Group Inc), Note and Warrant Purchase Agreement (Morton Industrial Group Inc)
Maintenance of Business. The Company shallwill, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall will cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, licenses and other property rights permits necessary to the proper conduct of its business, their respective businesses except where the failure to do so could would not reasonably be expected to have result in a material adverse effect on the Condition of the Company or on the prospects of repayment of the NotesMaterial Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Platinum Entertainment Inc), Credit Agreement (Platinum Entertainment Inc)
Maintenance of Business. The Company shallwill, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall will cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, licenses and other property rights permits necessary to the proper conduct of its business, except their respective businesses expect where the failure to do so could would not reasonably be expected to have result in a material adverse effect on the Condition of the Company or on the prospects of repayment of the NotesMaterial Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Morrison Knudsen Corp//), 364 Day Credit Agreement (Morrison Knudsen Corp//)
Maintenance of Business. The Company shallwill, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall will cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, licenses and other property rights permits necessary to the -38- proper conduct of its business, except their respective businesses expect where the failure to do so could would not reasonably be expected to have result in a material adverse effect on the Condition of the Company or on the prospects of repayment of the NotesMaterial Adverse Effect.
Appears in 1 contract
Maintenance of Business. The Company shall, and shall cause each Subsidiary to, preserve and maintain its existence. The Company shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, permits and other property rights franchises necessary to the proper conduct of its business, business except where the failure to do so could would not reasonably be expected to have a material adverse effect on (a) impair the Condition validity or enforceability of, or impair the ability of the Company or on any Subsidiary to perform its obligations under, this Agreement or any other Loan Document or (b) result in any material adverse change in the prospects of repayment financial condition, Properties, business or operations of the NotesCompany or any Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Comshare Inc)