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

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc), Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc)

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Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, including its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof9.1; conduct its business in an orderly and efficient manner; maintain a net worth of acceptable assets as required for maintaining such Borrower’s eligibility as lender, seller/servicer and make no material change in the nature or character of its business or issuer described under Section 9.1; and continue to engage in any business in which it was not engaged on the date of this Agreementmortgage banking as its principal business.

Appears in 1 contract

Samples: Mortgage Warehouse (Centerline Holding Co)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 5.1(n) hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and , and, without the Lender's prior written consent, make no material change in the nature or character of its business or engage in any business in which it was not engaged engaged, or which is not reasonably related to such business, on the date of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (First NLC Financial Services Inc)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence as a limited liability company in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreementbusiness.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Municipal Mortgage & Equity LLC)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Commercial Capital Bancorp Inc)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate Company Subsidiary existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer an approved lender and issuer as described under Section 5.11 Section~5.2(l) hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

Maintenance of Existence; Conduct of Business. Preserve and --------------------------------------------- maintain its corporate limited liability company existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Prism Financial Corp)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreementbusiness.

Appears in 1 contract

Samples: Warehouse Credit and Security Agreement (Community Bankshares Inc /Sc/)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer an approved lender and issuer as described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; 5.13 hereof and make no material change in the nature or character of its business business, if such material change would result in Company being unable to fulfill or engage in any business in which it was not engaged on the date of complete its duties and obligations under this Agreement.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/)

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Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Commercial Capital Bancorp Inc)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence as a corporation in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on as of the date of this AgreementClosing Date.

Appears in 1 contract

Samples: Revolving Bridge Loan and Security Agreement (Arbor Realty Trust Inc)

Maintenance of Existence; Conduct of Business. Preserve The Company will preserve and maintain its corporate existence in good standing and all of its material rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lenderan approved servicer of mortgage loans, seller/servicer and issuer where required, as described under Section 5.11 Article 5 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business business, if such material change would result in Company being unable to fulfill or engage in any business in which it was not engaged on the date of complete its duties and obligations under this Agreement.

Appears in 1 contract

Samples: Flow Warehousing Credit and Security Agreement (Franklin Credit Management Corp/De/)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 Section~5.1(n) hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate Company Subsidiary existence in good standing and all of its rights, privileges, licenses licenses, qualifications and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer an approved lender and issuer as described under Section 5.11 5.2(l) hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

Maintenance of Existence; Conduct of Business. Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business, including, without limitation, its eligibility as lender, seller/servicer and issuer described under Section 5.11 hereof; conduct its business in an orderly and efficient manner; and make no material change in the nature or character of its business or engage in any business in which it was not engaged on the date of this Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Novastar Financial Inc)

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