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

Maintenance of Existence; Conduct of Business. Each of Borrower and Guarantor will preserve and maintain its respective existence as a corporation, all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business. Each of Borrower and Guarantor will conduct its business as presently being conducted, and in compliance with all covenants set forth in this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (International Shipholding Corp)

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Maintenance of Existence; Conduct of Business. Each of Borrower and Guarantor will shall preserve and maintain its respective Borrower’s and Guarantor’s existence as a corporation, in good standing and all of its leasestheir rights, privileges, licenses, permits, franchises, qualifications, licenses and rights that are franchises necessary or desirable in the ordinary normal conduct of its their business. Each of Borrower , conduct their businesses in an orderly and Guarantor will conduct its business as presently being conductedefficient manner, and in compliance with all covenants set forth in this Agreement and the other Loan Documentsmaintain a net worth of acceptable assets.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)

Maintenance of Existence; Conduct of Business. Each of Borrower and Guarantor will preserve and maintain maintain, and will cause each Guarantor and each Subsidiary to preserve and maintain, its respective corporate existence as a corporation, and all of its leases, privileges, licenses, permits, franchises, qualifications, qualifications and rights that are necessary or desirable in the ordinary conduct of its business. Each of Borrower and Guarantor will conduct its business as presently being conducted, and in compliance with all covenants set forth in this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Oyo Geospace Corp), Loan Agreement (Oyo Geospace Corp)

Maintenance of Existence; Conduct of Business. Each of Except as provided in Section 7.3, the Borrower and Guarantor will preserve and maintain maintain, and will cause each Guarantor to preserve and maintain, its respective corporate existence as a corporation, and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business. Each of The Borrower and Guarantor will conduct its business as presently being conductedconduct, and will cause each Subsidiary to conduct, its businesses in compliance an orderly and efficient manner in accordance with all covenants set forth in this Agreement and the other Loan Documentsgood business practices.

Appears in 2 contracts

Samples: Loan Agreement (T-3 Energy Services Inc), Loan Agreement (T-3 Energy Services Inc)

Maintenance of Existence; Conduct of Business. Each of Except as provided in Section 10.3, each Borrower and Guarantor will preserve and maintain maintain, and will cause each Guarantor to preserve and maintain, its respective corporate existence as a corporation, and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business. Each of Borrower and Guarantor will conduct its business as presently being conductedconduct, and will cause each Subsidiary to conduct, its businesses in compliance an orderly and efficient manner in accordance with all covenants set forth in this Agreement and the other Loan Documentsgood business practices.

Appears in 1 contract

Samples: Credit Agreement (T-3 Energy Services Inc)

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Maintenance of Existence; Conduct of Business. Each of Borrower The Borrowers and the Guarantor will preserve and maintain its respective existence their corporate existence, their business as a corporationpresently conducted, and all of its leasestheir rights, privileges, licenses, permits, franchises, qualifications, privileges and rights that are franchises necessary or desirable in the ordinary normal conduct of its said business. Each of Borrower , and Guarantor will conduct its business as presently being conductedtheir businesses in an orderly, efficient and in compliance with all covenants set forth in this Agreement and the other Loan Documents.regular

Appears in 1 contract

Samples: Credit Agreement (Horizon Offshore Inc)

Maintenance of Existence; Conduct of Business. Each of the Borrower and the Guarantor will shall preserve and maintain its respective corporate existence as a corporationand all its rights, all of its leases, privileges, licenses, permits, franchises, qualifications, privileges and rights that are franchises necessary or desirable in the ordinary normal conduct of its business. Each of Borrower and Guarantor will conduct its business as presently being conducted, and in compliance with all covenants set forth in this Agreement and the other Loan Documents; provided that nothing herein shall prevent any transaction permitted by Section 5.02(c).

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Maintenance of Existence; Conduct of Business. Each of The Borrower and Guarantor the Guarantors will preserve and maintain its respective existence their corporate existence, their business as a corporationpresently conducted, and all of its leasestheir rights, privileges, licenses, permits, franchises, qualifications, privileges and rights that are franchises necessary or desirable in the ordinary normal conduct of its said business. Each of Borrower , and Guarantor will conduct its business as presently being conductedtheir businesses in an orderly, efficient and regular manner, in compliance with all covenants set forth in this Agreement laws and the other Loan Documentsall licenses and material agreements to which they are a party.

Appears in 1 contract

Samples: Loan Agreement (Horizon Offshore Inc)

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