Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 11 contracts
Samples: Credit and Term Loan Agreement (Washington Prime Group, L.P.), Credit Agreement (Simon Property Group L P /De/), Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 7 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (SPG Realty Consultants Inc), Credit Agreement (Simon Debartolo Group Inc)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries and the Company to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where standing if the failure to remain do so qualified is not likely to will have a Material Adverse Effect.
Appears in 5 contracts
Samples: Credit Agreement (Reckson Operating Partnership Lp), Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property respective Properties requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Revolving Credit Agreement (General Growth Properties Inc), Term Credit Agreement (General Growth Properties Inc), Revolving and Term Credit Agreement (General Growth Properties Inc)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Term Loan Agreement (Washington Prime Group, L.P.), Term Loan Agreement (Washington Prime Group, L.P.), Term Loan Agreement (WP Glimcher Inc.)
Powers; Conduct of Business. The Borrower and each Qualified Each Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, qualified to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except for those jurisdictions where the failure to remain so qualified qualify does not have or is not reasonably likely to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)
Powers; Conduct of Business. The Borrower and each Qualified Borrower Borrowers shall remain qualified, and shall cause each of its their Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect or a Mall Owner Material Adverse Effect.
Appears in 2 contracts
Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain --------------------------- qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)
Powers; Conduct of Business. The Borrower and each Qualified Except as would not be reasonably likely to result in a Material Adverse Effect, the Borrower shall remain qualified, and shall cause each of its Subsidiaries (including each Qualified Borrower) to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property assets requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall ---------------------------- remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where standing if the failure to remain do so qualified is not likely to will have a Material Adverse Effect.
Appears in 1 contract
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 1 contract
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall (i) remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse EffectEffect and (ii) manage and shall cause each of its Subsidiaries to manage its cash in the ordinary course of business in a manner that is consistent with prior practice.
Appears in 1 contract
Samples: Restructuring Support Agreement (Washington Prime Group, L.P.)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries Subsid- iaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where the failure to remain so qualified is not likely to have a Material Adverse Effect.
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, --------------------------- and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where standing if the failure to remain do so qualified is not likely to will have a Material Adverse Effect.
Appears in 1 contract
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where standing if the failure to remain do so qualified is not likely to will have a Material Adverse Effect.
Appears in 1 contract
Powers; Conduct of Business. The Borrower and each Qualified Borrower shall remain --------------------------- qualified, and shall cause each of its Subsidiaries to qualify and remain qualified, to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing, except where standing if the failure to remain do so qualified is not likely to will have a Material Adverse Effect.
Appears in 1 contract
