Common use of Maintenance of Existence, etc Clause in Contracts

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 11 contracts

Samples: Credit Agreement (Triangle Capital CORP), Credit Agreement (Main Street Capital CORP), Credit Agreement (Triangle Capital CORP)

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Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party (other than any Structured Subsidiary) to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 4 contracts

Samples: Credit Agreement (MSC Income Fund, Inc.), Credit Agreement (MSC Income Fund, Inc.), Credit Agreement (HMS Income Fund, Inc.)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (MVC Capital, Inc.), Credit Agreement (Main Street Capital CORP)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence in its jurisdiction of organization and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 2 contracts

Samples: Credit Agreement (Main Street Capital CORP), Credit Agreement (Main Street Capital CORP)

Maintenance of Existence, etc. Each Except as otherwise permitted by Section 5.12, each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary Loan Party pledging Collateral hereunder under the Collateral Documents shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party (other than the Immaterial Subsidiaries) to, maintain its organizational existence in its jurisdiction of organization and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder ; provided that the foregoing shall be organized as a corporationnot prohibit any merger consolidation, limited liability company, limited partnership liquidation or other legal entitydissolution permitted under Sections 5.16 and 5.17.

Appears in 1 contract

Samples: Credit Agreement (Main Street Capital CORP)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of fields as such business or line or lines of business reasonably related to the business is now carried on and maintained. The Operating Partnership shall at all times remain a limited partnership and meet all requirements to maintain its tax qualification as such. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.company pursuant to Organizational Documents in substantially the form attached hereto as Exhibit G.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Maintenance of Existence, etc. Each Other than with respect to the Permitted Merger, each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 1 contract

Samples: Credit Agreement (HMS Income Fund, Inc.)

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Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party (other than the Excluded Subsidiaries) to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 1 contract

Samples: Credit Agreement (Triangle Capital CORP)

Maintenance of Existence, etc. Each Except as otherwise permitted by Section 5.12, each Loan Party shall, and shall cause each Subsidiary of a Loan Party to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintainedmaintained (including without limitation the Poly Business). Any Subsidiary Loan Party pledging Collateral hereunder under the Collateral Documents shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party (other than the Excluded Subsidiaries) to, maintain its organizational existence in its jurisdiction of organization and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder shall be organized as a corporation, limited liability company, limited partnership or other legal entity.

Appears in 1 contract

Samples: Credit Agreement (Main Street Capital CORP)

Maintenance of Existence, etc. Each Loan Party shall, and shall cause each Subsidiary of a Loan Party (other than any Structured Subsidiary or any Immaterial Subsidiary) to, maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained. Any Subsidiary pledging Collateral hereunder ; provided that the foregoing shall be organized as a corporationnot prohibit any merger consolidation, limited liability company, limited partnership liquidation or other legal entitydissolution permitted under Sections 5.16 and 5.17.

Appears in 1 contract

Samples: Credit Agreement (MSC Income Fund, Inc.)

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