Common use of Maintenance of Existence and Qualifications Clause in Contracts

Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other than, in the case of clause (ii), as could not result in a Material Adverse Change.

Appears in 2 contracts

Samples: Letter of Credit Agreement (Eott Energy LLC), Term Loan Agreement (Eott Energy LLC)

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Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other than, in except where the case of clause (ii), as could failure so to qualify will not result in cause a Material Adverse Change.

Appears in 1 contract

Samples: Reimbursement, Loan and Security Agreement (Eott Energy Partners Lp)

Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other than, in except where the case of clause (ii), as failure so to qualify could not result in reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Note Purchase Agreement (National Coal Corp)

Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other than, in except where the case of clause (ii), as failure so to qualify could not result in cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

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Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other thanexcept in each case as otherwise permitted by Section 6.4 or 6.5 and except, in each case where the case of clause (ii), as failure so to qualify could not result in reasonably be expected to have a Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Visteon Corp)

Maintenance of Existence and Qualifications. Each Credit Party will maintain and preserve (i) its existence and (ii) 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, other than, in except where the case of clause (ii), as failure to do so could not result in reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Loan Agreement (SWK Holdings Corp)

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