Common use of Maintenance of Existence and Qualifications Clause in Contracts

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 24 contracts

Samples: Credit Agreement (Windstar Energy, LLC), Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

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Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will has not cause had, and could not reasonably be expected to have, a Material Adverse ChangeEffect.

Appears in 9 contracts

Samples: Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Equity, L.P.)

Maintenance of Existence and Qualifications. Each Except as permitted under Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to maintain, preserve and qualify will not could reasonably be expected to cause a Material Adverse Change.

Appears in 7 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 5 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp /Ok/)

Maintenance of Existence and Qualifications. Each Subject to Sections 7.4 and 7.5, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 4 contracts

Samples: Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not could cause a Material Adverse Change.

Appears in 4 contracts

Samples: Credit Agreement (Double Eagle Petroleum Co), Credit Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Penn Octane Corp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will would not cause a Material Adverse ChangeChange or where a Restricted Person merges, consolidates or otherwise combines with another Restricted Person.

Appears in 3 contracts

Samples: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services LLC)

Maintenance of Existence and Qualifications. Each ------------------------------------------- Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 3 contracts

Samples: Credit Agreement (Key Production Co Inc), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Maintenance of Existence and Qualifications. Each Restricted Related Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Inland Resources Inc), Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Except as otherwise permitted in Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

Maintenance of Existence and Qualifications. Each Except as otherwise permitted in Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except except, in each case, where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

Maintenance of Existence and Qualifications. Each Restricted ------------------------------------------- Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises powers to do business in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not cause reasonably be expected to have a Material Adverse ChangeEffect.

Appears in 2 contracts

Samples: Credit Agreement (Alta Mesa Resources, Inc. /DE), Credit Agreement (Silver Run Acquisition Corp II)

Maintenance of Existence and Qualifications. Each Restricted Related Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not reasonably be expected to cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Energy Partners Lp), Credit Agreement (Pacific Energy Partners Lp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not reasonably be expected to cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change. Borrower will maintain and preserve or cause to be maintained and preserved the existence and rights and franchises in full force and effect of any management service organization that is not a Restricted Person, but which enters into a management service agreement on behalf of any Restricted Person.

Appears in 2 contracts

Samples: Credit Agreement (3dfx Interactive Inc), Credit Agreement (STB Systems Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure to maintain and preserve such existence, rights or franchises, or so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Specialty Laboratories)

Maintenance of Existence and Qualifications. Each Restricted Person (other than an Immaterial Subsidiary) will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Forcenergy Inc)

Maintenance of Existence and Qualifications. Each Restricted ------------------------------------------- Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in its jurisdiction of organization and, except where failure to do so would not reasonably be expected to result in a Material Adverse Change, all states or jurisdictions where required by applicable Law, except where the failure so any of its properties that are subject to qualify will not cause a Material Adverse ChangeMortgage are located.

Appears in 1 contract

Samples: Credit Agreement (Unit Corp)

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Maintenance of Existence and Qualifications. Each Subject to Section 8.03 and Section 8.04, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Day Credit Agreement (Devon Energy Corp/De)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change. 12. (a) Section 6.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Related Person will maintain and preserve its existence and its rights material rights, privileges, permits, licenses and franchises necessary to conduct its business in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Lawlaw, except where the failure so to qualify will not cause a have any Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Exploration Co)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not cause reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Maintenance of Existence and Qualifications. Each Restricted Person (other than Immaterial Subsidiaries) will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not could cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except (i) for any Restricted Person which ceases to exist as a result of a merger, consolidation or other transaction permitted under Section 7.4 or (ii) where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

Maintenance of Existence and Qualifications. Each Subject to Section 9.03 and Section 9.04, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Maintenance of Existence and Qualifications. Each Restricted Person will preserve and maintain in full force and preserve effect its legal existence and its rights and franchises in full force and effect powers to do business and will qualify to do business in all of the states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not cause reasonably be expected to result in a Material Adverse Change; provided that the foregoing shall not prohibit any merger, consolidation, liquidation, or dissolution permitted under Section 5.4 or any Disposition permitted under Section 5.5.

Appears in 1 contract

Samples: Loan Agreement (Acacia Research Corp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will would not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (RAAM Global Energy Co)

Maintenance of Existence and Qualifications. Each Restricted Obligated Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Lawlaw, except where the failure so to qualify will not cause a Material Adverse Changehave any material adverse effect on any Obligated Person.

Appears in 1 contract

Samples: Term Loan Agreement (Geopetro Resources Co)

Maintenance of Existence and Qualifications. Each Restricted Related Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.where

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parker Drilling Co /De/)

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