Common use of Maintenance of Existence and Rights Clause in Contracts

Maintenance of Existence and Rights. Each Borrower Party will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would reasonably be expected to have a Material Adverse Effect.

Appears in 13 contracts

Samples: Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending VII LLC)

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Maintenance of Existence and Rights. Each Borrower Party and Adviser will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to in the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (GOLUB CAPITAL INVESTMENT Corp), Revolving Credit Agreement (Golub Capital BDC 3, Inc.), Revolving Credit Agreement (Golub Capital Investment Corp)

Maintenance of Existence and Rights. Each Borrower Party and each Managing Entity will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to in the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

Maintenance of Existence and Rights. Each Borrower Party will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would reasonably be expected to have a Material Adverse Effect.. 4857-3757-1665 v.17

Appears in 1 contract

Samples: Revolving Credit Agreement (TCW Direct Lending LLC)

Maintenance of Existence and Rights. Each Borrower Party will shall preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to in the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would could reasonably be expected to have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Stellus Private Credit BDC)

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Maintenance of Existence and Rights. Each Borrower Party and each Managing Entity will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to in the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would could reasonably be expected to have a Material Adverse Effect.. 92 0000-0000-0000 v.54890-8208-0090 v.3

Appears in 1 contract

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

Maintenance of Existence and Rights. Each Borrower BorrowerCredit Party will shall preserve and maintain its existence. Each Borrower BorrowerCredit Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to in the normal conduct of its business and in accordance with all valid regulations and orders of any Governmental Authority the failure of which would could reasonably be expected to have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp)

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