Common use of Maintenance of Existence and Rights; Conduct of Business Clause in Contracts

Maintenance of Existence and Rights; Conduct of Business. Borrower shall preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practices.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Energysouth Inc), Revolving Credit Agreement (Energysouth Inc), Revolving Credit Agreement (Mobile Gas Service Corp)

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Maintenance of Existence and Rights; Conduct of Business. Borrower shall will preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practices.

Appears in 4 contracts

Samples: Loan Agreement (Continental Circuits Corp), Revolving Line of Credit Agreement (Daw Technologies Inc /Ut), Senior Credit Agreement (Simula Inc)

Maintenance of Existence and Rights; Conduct of Business. The Borrower shall, and shall cause each of its Subsidiaries to, preserve and maintain its corporate or legal existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all material Legal Requirements of any Governmental Authority.

Appears in 3 contracts

Samples: Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc), Credit Agreement (Tandy Brands Accessories Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall, and shall cause its subsidiaries, if any, to preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all valid regulations and orders of any governmental authority. Borrower shall keep its principle place of business within the United States.

Appears in 3 contracts

Samples: Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc), Loan Agreement (Tor Minerals International Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall, and shall cause each of its Subsidiaries to, preserve and maintain its corporate existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all material Legal Requirements of any Governmental Authority.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Tandy Brands Accessories Inc), Revolving Credit Agreement (Tandy Brands Accessories Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall will preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all valid regulations and orders of any Governmental Authority.

Appears in 1 contract

Samples: Secured Revolving Credit Loan Agreement (Remington Oil & Gas Corp)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all applicable regulations and orders of any Governmental Authority.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Falconite Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practices.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nn Ball & Roller Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower and its subsidiaries shall preserve and maintain its corporate existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all Legal Requirements of any Governmental Authority.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Ironclad Performance Wear Corp)

Maintenance of Existence and Rights; Conduct of Business. The Borrower shall preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and continuously conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all valid regulations and orders of any Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Metro Information Services Inc)

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Maintenance of Existence and Rights; Conduct of Business. Borrower shall will preserve and maintain its corporate existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all applicable laws, rules, regulations, and orders of any Governmental Authority.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Firstcity Financial Corp)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall will preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all applicable laws, rules, regulations and orders of any Governmental Authority.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Firstcity Financial Corp)

Maintenance of Existence and Rights; Conduct of Business. The Borrower shall will preserve and maintain its corporate existence and all of its rights, privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practices, and in accordance in all material respects with all valid regulations and orders of any Governmental Authority.

Appears in 1 contract

Samples: Loan Agreement (U S Global Investors Inc)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall will preserve and maintain its corporate existence and all of its rights, rights and privileges and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all valid regulations and order of any Governmental Authority. Borrower will operate the Mortgaged Properties in a prudent and business like manner.

Appears in 1 contract

Samples: Loan Agreement (Lucas Energy, Inc.)

Maintenance of Existence and Rights; Conduct of Business. Borrower shall preserve and maintain its corporate existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practicespractices and in accordance with all Legal Requirements of any Governmental Authority, a breach of which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Subordinated Revolving Credit Agreement (Toreador Resources Corp)

Maintenance of Existence and Rights; Conduct of Business. Borrower and its subsidiaries shall preserve and maintain its corporate existence and all of its rights, privileges privileges, and franchises necessary or desirable in the normal conduct of its business, and conduct its business in an orderly and efficient manner consistent with good business practices.practices and in accordance with all Legal Requirements of any Governmental Authority. REVOLVING LOAN AND SECURITY AGREEMENT 18

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Ironclad Performance Wear Corp)

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