Common use of Maintenance of Existence, Qualification and Assets Clause in Contracts

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the Resorts, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the Resorts, Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 4 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

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Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the ResortsResort, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the ResortsResort, Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 2 contracts

Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Security and Agency Agreement (Silverleaf Resorts Inc)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (iI) maintain its legal existence, (iiII) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the ResortsResort, and (iiiIII) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the ResortsResort, the Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 2 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, ; (ii) maintain its qualification qualification, where required, to transact business and good standing in any state the State of New York and in any other jurisdiction where in which it conducts business in connection with the Resorts, business; and (iii) comply or cause its compliance with all governmental laws, rules, regulations and ordinances applicable to the Resorts, Borrower or its business, including, without limitation, the Timeshare ActApplicable Laws.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

Maintenance of Existence, Qualification and Assets. Each Borrower shall at all times (i) maintain its respective legal existence, (ii) maintain its respective qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the Resorts, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the Resorts, Borrower each Borrower, or its businessrespective businesses, including, without limitation, the any Timeshare Act.

Appears in 1 contract

Samples: Security and Agency Agreement (Bluegreen Corp)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the ResortsResort, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the ResortsResort, the Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 1 contract

Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the Resorts, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the Resorts, Borrower or its business, including, without limitation, the each applicable Timeshare Act.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

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Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in connection with the ResortsResort, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the Resorts, Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 1 contract

Samples: Loan and Security Agreement Inventory (Silverleaf Resorts Inc)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state and in any jurisdiction where it conducts business in 38 40 connection with the ResortsResort, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the ResortsResort, the Borrower or its business, including, without limitation, the Timeshare Act.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (i) maintain its legal existence, (ii) maintain its qualification to transact business and good standing in any state the State and in any jurisdiction where it conducts business in connection with the ResortsProperty, and (iii) comply or cause compliance with all governmental laws, rules, regulations and ordinances applicable to the ResortsProperty, Borrower the Borrower, the Collateral or its Borrower's business, including, including without limitation, limitation the Timeshare Act, if non-compliance would have a material adverse effect on Borrower or the Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Mego Financial Corp)

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