Common use of Maintenance of Existence and Qualification Clause in Contracts

Maintenance of Existence and Qualification. Borrower shall maintain its corporate existence in good standing under the laws of Delaware. Borrower will qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is necessary or desirable in view of its business, operations and properties.

Appears in 3 contracts

Samples: Credit Agreement (Ecoscience Corp/De), Credit Agreement (Ecoscience Corp/De), Credit Agreement (Ecoscience Corp/De)

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Maintenance of Existence and Qualification. Borrower shall maintain its corporate existence in good standing under the laws of the State of Delaware. Borrower will shall, and shall cause each Subsidiary to, qualify and remain qualified as a foreign corporation or other entity in each jurisdiction in which such qualification is necessary or desirable in view of its business, operations and propertiesproperties except where the failure to so qualify has not and could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Pilgrims Pride Corp), Term Loan Agreement (Pilgrims Pride Corp)

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Maintenance of Existence and Qualification. Borrower shall maintain its corporate existence in good standing under the laws of the state of Delaware. Borrower will qualify and remain qualified as a foreign corporation limited liability company in each jurisdiction in which such qualification is necessary or desirable in view of its business, operations and properties.

Appears in 1 contract

Samples: Credit Agreement and Security Agreement (U. S. Premium Beef, LLC)

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