Common use of Maintenance of Existence Clause in Contracts

Maintenance of Existence. Borrower will maintain and preserve its existence and assets and all rights, franchises, licenses and other authority necessary for the conduct of its business and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrower.

Appears in 30 contracts

Samples: Loan Agreement (Arden Group Inc), Trade Finance Agreement (THQ Inc), Loan Agreement (Educational Insights Inc)

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Maintenance of Existence. Borrower will preserve and maintain and preserve its legal existence and assets and all rights, franchises, licenses privileges and other authority franchises necessary for or desirable in the normal conduct of its business, will conduct its business in an orderly, efficient and regular manner, and will maintain comply with all applicable laws and preserve regulations and the terms of any indenture, contract or other instrument to which it may be a party or under which it or its propertyproperties may be bound, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of each instance where the properties of Borrowerfailure to do so would have a Material Adverse Effect.

Appears in 9 contracts

Samples: Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its assets, and all rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrower’s properties.

Appears in 7 contracts

Samples: Loan Agreement (Wd 40 Co), Loan Agreement (Embarcadero Technologies Inc), Loan Agreement (BJs RESTAURANTS INC)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its assets, and all rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrower's properties.

Appears in 5 contracts

Samples: Loan Agreement (Crocs, Inc.), Loan Agreement (Simpson Manufacturing Co Inc /Ca/), Loan Agreement (Sparta Inc /De)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets and all rightsand, franchises, licenses and other authority necessary for in each jurisdiction in which the conduct character of the properties owned by it or in which the transaction of its business makes qualification necessary, maintain such qualification and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrowerstanding.

Appears in 2 contracts

Samples: Credit Agreement (Infinity Property & Casualty Corp), Credit Agreement (Nichols Research Corp /Al/)

Maintenance of Existence. Each of Borrower will and its Subsidiaries shall maintain and preserve its existence and assets and all rights, franchises, licenses franchises and other authority necessary for the conduct of its business and will shall maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of BorrowerBorrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/)

Maintenance of Existence. Each of Borrower will and its Subsidiaries shall maintain and preserve its existence and assets and all rights, franchises, licenses franchises and other authority materially necessary for the conduct of its business and will shall maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of BorrowerBorrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Motorcar Parts America Inc), Credit Agreement (Motorcar Parts America Inc)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its material assets, and all material rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrower’s properties.

Appears in 1 contract

Samples: Loan Agreement (Autobytel Inc)

Maintenance of Existence. Borrower will maintain shall at all times preserve, renew and preserve keep in full force and effect its existence and assets rights and franchises with respect thereto and maintain in full force and effect all rightspermits, franchiseslicenses, licenses trademarks, tradenames, approvals, authorizations, leases and other authority contracts necessary for to carry on the conduct of its business and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borroweras presently or proposed to be conducted.

Appears in 1 contract

Samples: Security Agreement (Fidelity Holdings Inc)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets and all rights, franchisesprivileges, licenses permits and other authority franchises necessary for or desirable in the conduct of its business business; and will maintain conduct its business in an orderly, efficient and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrowercustomary manner.

Appears in 1 contract

Samples: Loan Agreement (Generation Alpha, Inc.)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its assets, and all rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the Borrower’s properties, provided that Bank will not visit and inspect Borrower’s properties more than twice a year unless an Event of BorrowerDefault exists.

Appears in 1 contract

Samples: Loan Agreement (Alphasmart Inc)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets and all rights, franchises, licenses and other authority necessary for the conduct of its business and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable timestimes during normal business hours, visit and inspect any of the properties of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Biosource International Inc)

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Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its material assets, and all material rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrower's properties.

Appears in 1 contract

Samples: Loan Agreement (Autobytel Inc)

Maintenance of Existence. Borrower Borrowers will maintain and preserve its existence and assets and all rights, franchises, licenses and other authority essential and necessary for the conduct of its business and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Resmed Inc)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets and all rights, franchises, licenses and other authority necessary for the conduct of its business and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable timestimes on twenty-four (24) hours prior written notice, visit and inspect any of the properties of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Safeskin Corp)

Maintenance of Existence. Borrower will preserve and maintain and preserve its legal existence and assets and all rights, franchises, licenses privileges and other authority franchises necessary for or desirable in the normal conduct of its business, will conduct its business in an orderly, efficient and regular manner, and will maintain comply with all applicable laws and preserve regulations and the terms of any indenture, contract or other instrument to which it may be a party or under which it or its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of Borrowermay be bound.

Appears in 1 contract

Samples: Revolving Credit Agreement (Premier Acceptance Corp /Mn/)

Maintenance of Existence. Borrower will maintain and preserve its existence and assets existence, its assets, and all material rights, franchises, licenses and other authority necessary for the conduct of its business business, and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, during regular business hours at reasonable timestimes and after reasonable prior notice, visit and inspect any of the properties of Borrower's properties.

Appears in 1 contract

Samples: Loan Agreement (Bei Technologies Inc)

Maintenance of Existence. Borrower will maintain Maintain and preserve its existence and assets and all rights, franchises, licenses and other authority necessary for the conduct of its business in all material respects and will maintain and preserve its property, equipment and facilities in good order, condition and repair. Upon reasonable prior written notice to Borrower, Bank may, at reasonable times, visit and inspect any of the properties of Borrower.

Appears in 1 contract

Samples: Line of Credit Agreement (Greater Bay Bancorp)

Maintenance of Existence. Each of Borrower will and the Guarantors shall maintain and preserve its existence and assets and all rights, franchises, licenses franchises and other authority necessary for the conduct of its business and will shall maintain and preserve its property, equipment and facilities in good order, condition and repair. Bank may, at reasonable times, visit and inspect any of the properties of BorrowerBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (J2 Global Communications Inc)

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