Common use of Maintenance of Existence and Business Clause in Contracts

Maintenance of Existence and Business. Except for transactions among Consolidated Entities permitted under this Agreement, each Consolidated Entity shall maintain its fundamental existence, name, rights, and franchises, and shall maintain its qualification and good standing in all states in which such qualification is necessary, and shall continue to operate in the same type of business as such Consolidated Entity engages in as of the date hereof.

Appears in 4 contracts

Samples: Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc), Loan Agreement (Seafield Capital Corp)

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Maintenance of Existence and Business. Except for transactions among Consolidated Entities permitted under this Agreement, each Each Consolidated Entity shall maintain its fundamental existence, name, rights, and franchises, and shall maintain its qualification and good standing in all states in which such qualification is necessary, and shall continue to operate in the same type of business as such Consolidated Entity engages in as of the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

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