Common use of Maintenance of Existence and Properties Clause in Contracts

Maintenance of Existence and Properties. Itself, and shall cause each of its Subsidiaries to, maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its business, and comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect on the business, operations, assets or financial or other condition of the Company or the Company and its Subsidiaries taken as a whole.

Appears in 3 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)

AutoNDA by SimpleDocs

Maintenance of Existence and Properties. Itself, and And shall cause --------------------------------------- each of its Subsidiaries toSubsidiaries, to maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its business, and comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect on the business, operations, assets or financial or other condition of the Company or the Company and its Subsidiaries taken as a wholeLaw.

Appears in 1 contract

Samples: Credit Agreement (Franchise Mortgage Acceptance Co)

Maintenance of Existence and Properties. Itself, and shall cause each of its Subsidiaries to, maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its business, and comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect on the business, operations, assets or financial or other condition of the Company or the Company and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Osi Systems Inc)

Maintenance of Existence and Properties. Itself, and And shall cause each of its Subsidiaries to, : (1) maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its businessbusiness (except to the extent expressly permitted under the Loan Documents), and (2) comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect material adverse effect on the business, operations, assets or financial or other condition of the Company Company, any Pledged Subsidiary or the Company and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Fidelity National Financial Inc /De/)

AutoNDA by SimpleDocs

Maintenance of Existence and Properties. Itself, and shall cause each of its Subsidiaries to, maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its business, and comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect material adverse effect on the business, operations, assets or financial or other condition of the Company or the Company and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Reimbursement Agreement (Mercury Air Group Inc)

Maintenance of Existence and Properties. Itself, and shall --------------------------------------- cause each of its Subsidiaries to, maintain its corporate or other such existence as a legal entity and maintain all rights, privileges, licenses, approvals, franchises, properties and assets necessary or desirable in the normal conduct of its business, and comply with all Contractual Obligations and Requirements of Law the failure to comply with which could have a Material Adverse Effect on the business, operations, assets or financial or other condition of the Company or the Company and its Subsidiaries taken as a wholeEffect.

Appears in 1 contract

Samples: Security Agreement (Atg Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!