Maintenance of Existence and Qualifications. Except as permitted under Section 7.4, each Credit Party will maintain and preserve its existence and its rights and franchises in full force and effect. Each Restricted Person will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify could reasonably be expected to cause a Material Adverse Change.
Appears in 6 contracts
Samples: Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD)
Maintenance of Existence and Qualifications. Except as permitted under Section 7.4, each Each Credit Party will maintain and preserve (i) its existence and (ii) its rights and franchises in full force and effect. Each Restricted Person effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where other than, in the failure so to qualify case of clause (ii), as could reasonably be expected to cause not result in a Material Adverse Change.
Appears in 2 contracts
Samples: Credit Agreement (Eott Energy LLC), Term Loan Agreement (Eott Energy LLC)
Maintenance of Existence and Qualifications. Except as permitted under Section 7.4, each Each Credit Party will maintain and preserve its existence and its rights and franchises in full force and effect. Each Restricted Person 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 in each case as otherwise permitted by Section 6.4 or 6.5 and except, in each case where the failure so to qualify could not reasonably be expected to cause have a Material Adverse ChangeEffect.
Appears in 1 contract
Maintenance of Existence and Qualifications. Except as permitted under Section 7.4, each Each Credit Party will maintain and preserve its existence and its rights and franchises in full force and effect. Each Restricted Person effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify could reasonably be expected to will not cause a Material Adverse Change.
Appears in 1 contract
Samples: Loan and Security Agreement (Eott Energy Partners Lp)
Maintenance of Existence and Qualifications. Except as expressly permitted under by Section 7.46.4, each Credit Party will maintain and preserve its existence and its rights and franchises in full force and effect. Each Restricted Person 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 could reasonably be expected to will not cause a Material Adverse ChangeEffect.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Foothills Resources Inc)