Common use of Maintenance of Corporate Existence and Good Standing Clause in Contracts

Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 11 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (NPC Holdings Inc), Credit Agreement (Contango Oil & Gas Co)

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Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Edge Petroleum Corp), Credit Agreement (Middle Bay Oil Co Inc), Credit Agreement (Middle Bay Oil Co Inc)

Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (United Heritage Corp), Credit Agreement (Tradestar Services, Inc.), Credit Agreement (Goodrich Petroleum Corp)

Maintenance of Corporate Existence and Good Standing. (a) Maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation and (b) maintain its corporate qualification and good standing in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted by such Borrower necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Maintenance of Corporate Existence and Good Standing. Maintain its their corporate existence or qualification and good standing in its jurisdictions of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Southern Mineral Corp), Credit Agreement (Southern Mineral Corp), Credit Agreement (Southern Mineral Corp)

Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions of incorporation or formation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Alamco Inc)

Maintenance of Corporate Existence and Good Standing. (a) Maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation organization and (b) maintain its corporate qualification and good standing in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted by the Borrower or any Subsidiary of the Borrower necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

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Maintenance of Corporate Existence and Good Standing. Maintain ---------------------------------------------------- its corporate existence or qualification and good standing in its jurisdictions of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Southern Mineral Corp), Credit Agreement (Pendaries Petroleum LTD)

Maintenance of Corporate Existence and Good Standing. (a) Maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation and (b) maintain its corporate qualification and good standing in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted by the Guarantor necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Guaranty (KCS Energy Inc)

Maintenance of Corporate Existence and Good Standing. Maintain its corporate existence or qualification and good standing in its jurisdictions of incorporation and, unless the failure to do so would not have a Material Adverse Effect, maintain its qualification and good standing in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Texoil Inc /Nv/)

Maintenance of Corporate Existence and Good Standing. Maintain Each Related Person will maintain its corporate existence or qualification and good standing in its jurisdictions jurisdiction of incorporation and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Cliffs Drilling Co)

Maintenance of Corporate Existence and Good Standing. Maintain its corporate Except where failure to maintain such existence or qualification could not reasonably be expected to have a Material Adverse Effect, maintain its business entity existence and qualification and good standing in its jurisdictions of incorporation formation and in all jurisdictions wherein the Property of Borrowers now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Stratum Holdings, Inc.)

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