Common use of Maintenance of Existence and Assets Clause in Contracts

Maintenance of Existence and Assets. Except as provided by Section 6.7 of this Agreement, Company shall maintain, and shall cause each of its Subsidiaries to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Company or such Subsidiary of Company to do so, and all Authorizations necessary for the operation of any of their businesses. Company shall maintain, and shall cause each of its Subsidiaries to maintain, the assets necessary for use in their respective businesses in good repair, working order and condition, and make all such repairs, renewals and replacements thereof as may be reasonably required by Company and its Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Franchise Finance Corp of America), Credit Agreement (Franchise Finance Corp of America), Credit Agreement (Franchise Finance Corp of America)

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Maintenance of Existence and Assets. Except as provided by Section 6.7 SECTION 6.5 of this Agreement, Company shall maintain, and shall cause each of its Subsidiaries to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Company or such Subsidiary of Company to do so, and all Authorizations necessary for the operation of any of their businesses. Company shall maintain, and shall cause each of its Subsidiaries to maintain, the assets necessary for use in their respective businesses in good repair, working order and condition, and make all such repairs, renewals and replacements thereof as may be reasonably required by Company and its Subsidiaries.

Appears in 2 contracts

Samples: Guaranty Agreement (Franchise Finance Corp of America), Credit Agreement (Franchise Finance Corp of America)

Maintenance of Existence and Assets. Except as provided by Section 6.7 of this Agreement, Company shall maintain, and shall cause each of its Subsidiaries to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Company or such Subsidiary of Company to do so, and all Authorizations necessary for the operation of any of their businesses. Company shall maintain, and shall cause each of its Subsidiaries to maintain, the assets necessary for use in their respective businesses in good repair, working order and -48- condition, and make all such repairs, renewals and replacements thereof as may be reasonably required by Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Franchise Finance Corp of America)

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Maintenance of Existence and Assets. Except as provided by Section SECTION 6.7 of this Agreement, Company shall maintain, and shall cause each of its Subsidiaries to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Company or such Subsidiary of Company to do so, and all Authorizations necessary for the operation of any of their businesses. Company shall maintain, and shall cause each of its Subsidiaries to maintain, the assets necessary for use in their respective businesses in good repair, working order and condition, and make all such repairs, renewals and replacements thereof as may be reasonably required by Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Franchise Finance Corp of America)

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