Maintenance of Legal Existence. Borrowers will do or cause to be done all things necessary to preserve and keep in full force and effect its company existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers may require such qualification.
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Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.), Revolver Loan Agreement (Energy 11, L.P.)
Maintenance of Legal Existence. Borrowers Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its company corporate existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers Borrower will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers Borrower may require such qualification.
Appears in 1 contract
Samples: Senior Revolver Loan Agreement (Empire Petroleum Corp)
Maintenance of Legal Existence. Borrowers The Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect affect its company legal existence, rights rights, licensing and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers The Borrower will become and remain qualified to conduct business in each jurisdiction the jurisdictions where the nature of the its business or ownership of property by Borrowers may require such qualificationpremises are located.
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Maintenance of Legal Existence. Borrowers will do or cause to be done all things necessary to preserve and keep in full force and effect its company existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers may require such qualification.. 6.3
Appears in 1 contract
Samples: Loan Agreement
Maintenance of Legal Existence. The Borrowers will do or cause to be done all things necessary to preserve and keep in full force and effect affect its company legal existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. The Borrowers will become and remain qualified to conduct business in each the jurisdiction where the nature of the business or ownership of property by Borrowers may require such qualificationMortgaged Premises are located.
Appears in 1 contract
Samples: Loan Agreement (Dixie Group Inc)
Maintenance of Legal Existence. Borrowers will do or cause to be done all things necessary to preserve and keep in full force and effect its their company existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers Each Borrower will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers such Borrower may require such qualification.
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Maintenance of Legal Existence. Borrowers Borrower will do or cause to be done done, and will cause Mortgagor Subsidiaries to do, all things necessary to preserve and keep in full force and effect its company corporate existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers Borrower and Mortgagor Subsidiaries will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers Borrower may require such qualification.
Appears in 1 contract
Samples: Revolver Loan Agreement (Viking Energy Group, Inc.)
Maintenance of Legal Existence. Borrowers Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its company existence, rights and franchises and will continue to conduct and operate its business substantially as being conducted and operated presently. Borrowers The Borrower will become and remain qualified to conduct business in each jurisdiction where the nature of the business or ownership of property by Borrowers the Borrower may require such qualification.
Appears in 1 contract
Samples: Revolver Loan Agreement (Viking Investments Group, Inc.)