Common use of Maintenance of Corporate Existence Clause in Contracts

Maintenance of Corporate Existence. The Guarantor will (i) maintain in effect its corporate existence and all registrations necessary therefor except as otherwise permitted by Section 7(e) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations; provided, however, that this Section 7(b) shall not require the Guarantor to maintain any such right, privilege, title to property or franchise if the failure to do so does not, and will not, have a Material Adverse Effect.

Appears in 47 contracts

Samples: Guaranty (Petrobras - Petroleo Brasileiro Sa), Second Supplemental Indenture (Petrobras - Petroleo Brasileiro Sa), Indenture (Petrobras Global Finance B.V.)

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Maintenance of Corporate Existence. The Guarantor will (i) maintain in effect its corporate existence and all registrations necessary therefor except as otherwise permitted by Section 7(e7 (f) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations; provided, however, that this Section 7(b) shall not require the Guarantor to maintain any such right, privilege, title to property or franchise if the failure to do so does not, and will not, have a Material Adverse Effect.

Appears in 22 contracts

Samples: Guaranty, www.sec.gov, Guaranty (Petrobras - Petroleo Brasileiro Sa)

Maintenance of Corporate Existence. The Guarantor will (i) maintain in effect its corporate existence and all registrations necessary therefor except as otherwise permitted by Section 7(e) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations; provided, however, that this Section 7(b) shall not require the Guarantor to maintain any such right, privilege, title to property or franchise if the failure to do so does not, and will not, have a Material Adverse Effect.

Appears in 7 contracts

Samples: Guaranty (Petrobras - Petroleo Brasileiro Sa), Guaranty (Petrobras - Petroleo Brasileiro Sa), Guaranty (Petrobras - Petroleo Brasileiro Sa)

Maintenance of Corporate Existence. The Guarantor and ---------------------------------- each Company, at its own cost and expense, will (i) maintain do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence existence, rights (charter and all registrations necessary therefor statutory) and franchises, except as otherwise specifically permitted by in Section 7(e) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations5.2; provided, however, that this Section 7(b) neither the -------- ------- Guarantor nor any Company shall not require the Guarantor be required to maintain preserve any such right, privilege, title to property right or franchise if it shall determine that the failure to do so does not, and will not, have a Material Adverse Effectpreservation thereof is no longer desirable in the conduct of its business.

Appears in 2 contracts

Samples: Trust Agreement (Mobil Marine Finance Co I Inc), Through Trust Agreement (Mobil Marine Finance Co I Inc)

Maintenance of Corporate Existence. The Guarantor will (i) maintain in effect its corporate existence and all registrations necessary therefor except as otherwise permitted by Section 7(e7 (f) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations; provided, however, that this Section 7(b) shall not require the Guarantor to maintain any such right, privilege, title to property or franchise if the failure to do so does not, and will not, have a Material Adverse Effect.. (c)

Appears in 1 contract

Samples: Version Guaranty      guaranty

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Maintenance of Corporate Existence. The Guarantor and the Company, at its own cost and expense, will (i) maintain do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence existence, rights (charter and all registrations necessary therefor statutory) and franchises, except as otherwise specifically permitted by in Section 7(e) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations5.2; provided, however, that this Section 7(b) shall not require neither the Guarantor nor the Company shall be required to maintain preserve any such right, privilege, title to property right or franchise if it shall determine that the failure to do so does not, and will not, have a Material Adverse Effectpreservation thereof is no longer desirable in the conduct of its business.

Appears in 1 contract

Samples: Trust Agreement (Fort James Corp)

Maintenance of Corporate Existence. The Guarantor will (i) maintain in effect its corporate existence and all registrations necessary therefor except as otherwise permitted by Section 7(e7(f) and (ii) take all actions to maintain all rights, privileges, titles to property, franchises, concessions and the like necessary or desirable in the normal conduct of its business, activities or operations; provided, however, that this Section 7(b) shall not require the Guarantor to maintain any such right, privilege, title to property or franchise if the failure to do so does not, and will not, have a Material Adverse Effect.

Appears in 1 contract

Samples: Guaranty (Petrobras - Petroleo Brasileiro Sa)

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