Common use of Preservation of Company Existence Clause in Contracts

Preservation of Company Existence. Each Loan Party will preserve and maintain its limited liability company existence in good standing under the laws of its jurisdiction of formation and will promptly obtain and thereafter maintain qualifications to do business as a foreign limited liability company in any other state in which it does business and in which it is required to so qualify under Applicable Law.

Preservation of Company Existence. Each Loan Party will shall preserve and maintain its limited liability company organizational existence in good standing under the laws jurisdiction of its jurisdiction of formation and will shall promptly obtain and thereafter maintain qualifications to do business as a foreign limited liability company entity in any other state jurisdiction in which it does business and in which it is required to so qualify under Applicable LawLaw and preserve and maintain its other rights, franchises and privileges in the jurisdiction of its formation except where the failure to so qualify or maintain would not reasonably be expected to have a Material Adverse Effect.

Preservation of Company Existence. Each Loan Party will shall preserve and maintain its limited liability company existence organizational existence, rights, franchises and privileges in good standing under the laws jurisdiction of its jurisdiction of formation and will shall promptly obtain and thereafter maintain qualifications to do business as a foreign limited liability company entity in any other state jurisdiction in which it does business and in which it is required to so qualify under Applicable LawLaw except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect.

Preservation of Company Existence. Each Loan Party will shall preserve and maintain its limited liability company existence organizational existence, rights, franchises and privileges in good standing under the laws jurisdiction of its jurisdiction of formation and will shall promptly obtain and thereafter maintain qualifications to do business as a foreign limited liability company entity in any other state jurisdiction in which it does business and in which it is required to so qualify under Applicable LawLaw except where the failure to so qualify would not reasonably be expected to have a Material Adverse Effect.

Preservation of Company Existence. Each Such Loan Party will (i) preserve and maintain its limited liability company existence existence, rights, franchises and privileges in the jurisdiction of its formation, (ii) qualify and remain qualified in good standing under the laws of its jurisdiction of formation and will promptly obtain and thereafter maintain qualifications to do business as a foreign limited liability company in any other state each jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and qualification has had, or could reasonably be expected to have, a Material Adverse Effect and (iii) maintain its Loan Party LLC Agreement in which it does business full force and in which it is required to so qualify under Applicable Laweffect.