Common use of Maintenance of Existence and Good Standing Clause in Contracts

Maintenance of Existence and Good Standing. Maintain the Borrower's corporate existence and good standing in the jurisdiction of its organization, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect on the Borrower.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Energy Partners LTD), Revolving Credit Agreement (Energy Partners LTD), Revolving Credit Agreement (Energy Partners LTD)

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Maintenance of Existence and Good Standing. Maintain the Borrower's corporate existence and good standing in the jurisdiction of its organization, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the Borrower.

Appears in 4 contracts

Samples: Reducing Revolving Credit Agreement (Energy Partners LTD), Reducing Revolving Credit Agreement (Energy Partners LTD), Loan Agreement (Venus Exploration Inc)

Maintenance of Existence and Good Standing. Maintain the Borrower's and its Subsidiaries' corporate existence and good standing in the jurisdiction of its organizationincorporation, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the Borrower, or on any of Borrower's Subsidiaries considered on a consolidated basis with Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Eagle Geophysical Inc), Revolving Credit Agreement (Eagle Geophysical Inc)

Maintenance of Existence and Good Standing. Maintain the Borrower's corporate existence and good standing in the jurisdiction of its organizationincorporation, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Midland Resources Inc /Tx/), Loan Agreement (Carrizo Oil & Gas Inc)

Maintenance of Existence and Good Standing. Maintain the Borrower's and each Guarantor's corporate existence and good standing in the jurisdiction of its organization, and maintain the Borrower's and any Guarantor's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower or any Guarantor necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect on the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

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Maintenance of Existence and Good Standing. Maintain the Borrower's corporate LLC existence and good standing in the jurisdiction of its organizationformation, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the Borrower.

Appears in 1 contract

Samples: Advancing Term Credit Agreement (San Juan Partners LLC)

Maintenance of Existence and Good Standing. Maintain the each Borrower's ’s corporate existence and good standing in the jurisdiction of its organization, and maintain the each Borrower's ’s qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by such Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

Maintenance of Existence and Good Standing. Maintain the Borrower's corporate and its Subsidiaries' business entity existence and good standing in the jurisdiction of its organizationformation, and maintain the Borrower's qualification and good standing in all other jurisdictions wherein the property now owned or hereafter acquired or business now or hereafter conducted by Borrower necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect material adverse effect on the Borrower, or on any of Borrower's Subsidiaries considered on a consolidated basis with Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eagle Geophysical Inc)

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