Common use of Powers; Conduct of Business Clause in Contracts

Powers; Conduct of Business. Each Credit Party shall qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified except for those jurisdictions where failure to so qualify does not have or could not reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Superpriority Debtor in Possession Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO)

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Powers; Conduct of Business. Each Credit Loan Party shall qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified except for those jurisdictions where failure to so qualify does not have or could is not reasonably be expected likely to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (Stellex Industries Inc)

Powers; Conduct of Business. Each Credit Loan Party shall qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified except for those jurisdictions where failure to so qualify does not have or could is not reasonably be expected likely to have have, individually or in the aggregate, a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan Agreement (Accredited Mortgage Loan REIT Trust), Credit Agreement (Watson Pharmaceuticals Inc), Credit Agreement (Watson Pharmaceuticals Inc)

Powers; Conduct of Business. Each Credit Party shall, and shall cause each of its Subsidiaries to, qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified except for those jurisdictions where failure to so qualify does not have or could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Silicon Graphics Inc), Senior Secured Credit Agreement (Oppenheimer Holdings Inc), Subordinated Credit Agreement (Oppenheimer Holdings Inc)

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Powers; Conduct of Business. Each Credit Party shall qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified except for those jurisdictions where failure to so qualify does not have or could not reasonably be expected to have a Material Adverse Effect.. 77

Appears in 1 contract

Samples: Revolving Credit Agreement (James River Coal CO)

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