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, the Borrower shall maintain, and shall cause each other GCI Entity to maintain, its corporate existence, authority to do business in the jurisdictions in which it is necessary for the Borrower or such GCI Entity to do so, and all Authorizations necessary for the operation of any of their businesses. The Borrower shall maintain, and shall cause each other GCI Entity 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 2 contracts

Samples: Credit Agreement (Gci Inc), Credit Agreement (General Communication Inc)

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

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Maintenance of Existence and Assets. Except as provided by Section 7.07 of this Agreement, the Borrower shall maintain, and shall cause each other GCI Entity to maintain, its 100\269\91946 56 corporate existence, authority to do business in the jurisdictions in which it is necessary for the Borrower or such GCI Entity to do so, and all Authorizations necessary for the operation of any of their businesses. The Borrower shall maintain, and shall cause each other GCI Entity 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 (General Communication Inc)

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