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

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 6 contracts

Samples: Credit Agreement (PROS Holdings, Inc.), Credit Agreement (FlexEnergy Green Solutions, Inc.), Credit Agreement (FlexEnergy Green Solutions, Inc.)

AutoNDA by SimpleDocs

Maintenance of Existence; Conduct of Business. Each of the Loan Party shallParties will, and shall will cause each of its Subsidiaries to, preserve and maintain its corporate or other entity existence (except for mergers of Subsidiaries permitted by Section 9.3) and all of its material leases, privileges, licenses, permitsPermits, franchises, qualifications, Intellectual Property, intangible Property and rights that are necessary or desirable appropriate in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each of the Loan Party shallParties will, and shall will cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 3 contracts

Samples: Credit Agreement (Dynamex Inc), Credit Agreement (Dynamex Inc), Credit Agreement (Dynamex Inc)

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 2 contracts

Samples: Credit Agreement (Sunnova Energy International Inc.), Credit Agreement (Sunnova Energy International Inc.)

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries to, (a) preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, ; and shall cause each of its Subsidiaries to, (b) conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Maxwell W Keith III), Credit Agreement and Guaranty (Via Renewables, Inc.)

Maintenance of Existence; Conduct of Business. Each The Borrowers will, and will cause each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and maintain its entity existence and all of its leases, privileges, licensesLicenses, permitsPermits, franchises, qualifications, Intellectual Property, intangible Property and contract and other rights that are necessary or desirable in the ordinary conduct of its business, business except to the extent a that failure to so preserve and maintain such could not reasonably be expected to have a Material Adverse Effect. Each The Borrowers will, and will cause each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 2 contracts

Samples: Credit Agreement (Oao Technology Solutions Inc), Credit Agreement (Oao Technology Solutions Inc)

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 2 contracts

Samples: Credit Agreement (LandBridge Co LLC), Credit Agreement (LandBridge Co LLC)

Maintenance of Existence; Conduct of Business. Each Parent Guarantor and each Loan Party shall, and shall cause each of its Loan Parties’ Subsidiaries to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 1 contract

Samples: Credit Agreement (Pfsweb Inc)

Maintenance of Existence; Conduct of Business. Each Entity Loan Party shallwill, and shall will cause each of its the Subsidiaries to, preserve and maintain its existence in good standing and shall do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence and all of its leases, privileges, licenses, permits, franchises, qualifications, Permits and other rights that are necessary or desirable in material to the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 1 contract

Samples: Loan and Security Agreement (AMERI Holdings, Inc.)

AutoNDA by SimpleDocs

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries to, will preserve and maintain its entity existence and all of its leases, privileges, licenses, permitsPermits, franchises, qualifications, Intellectual Property, intangible Property and rights that are necessary or desirable in the ordinary conduct of its business, business except to the extent a that failure to so preserve and maintain such could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, will conduct its business in an orderly and efficient manner in accordance with good business practicespractices and the Business Plan.

Appears in 1 contract

Samples: Credit Agreement (Telergy Inc /Ny)

Maintenance of Existence; Conduct of Business. Each Entity Loan Party shallwill, and shall will cause each of its the Subsidiaries to, preserve and maintain its existence in good standing and shall do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence and all of its leasesrights, privilegesPermits, licenses, permits, franchises, qualifications, privileges and rights that are necessary or desirable in franchises material to the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 1 contract

Samples: Credit Agreement (1847 Holdings LLC)

Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries other Beneficient Party to, (a) preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of (b) preserve and maintain its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practicesexistence.

Appears in 1 contract

Samples: Credit Agreement (Beneficient)

Maintenance of Existence; Conduct of Business. Each Entity Loan Party shall, and shall cause each of its Subsidiaries to, preserve and will maintain its existence in good standing and shall do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence and all of its leasesrights, privilegesPermits, licenses, permits, franchises, qualifications, privileges and rights that are necessary or desirable in franchises material to the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct its business in an orderly and efficient manner in accordance with good business practices.

Appears in 1 contract

Samples: Loan and Security Agreement (Medallion Financial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.