Common use of Maintenance of Existence and Assets Clause in Contracts

Maintenance of Existence and Assets. Except as provided by Section 7.07 of this Agreement, Borrower shall maintain, and shall cause each Subsidiary to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Borrower or such Subsidiary to do so, and all Authorizations necessary for the operation of any of their businesses. Borrower shall maintain, and shall cause each Subsidiary 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.

Appears in 3 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Television Inc)

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Maintenance of Existence and Assets. Except as provided by Section 7.07 of this Agreement, Borrower shall maintain, and shall cause each Subsidiary of its Subsidiaries to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for Borrower or such Subsidiary to do so, and all Authorizations necessary for the operation of any of their businesses. Borrower shall maintain, and shall cause each Subsidiary 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.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Television Inc)

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