Common use of Preservation of Company Existence Clause in Contracts

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

Preservation of Company Existence. Each Such Loan Party shall will (i) preserve and maintain its organizational existence in the jurisdiction of its formation and shall promptly obtain and thereafter maintain qualifications to do business as a foreign entity in any other jurisdiction in which it does business and in which it is required to so qualify under Applicable Law and preserve and maintain its other limited liability company existence, rights, franchises and privileges in the jurisdiction of its formation except formation, (ii) qualify and remain qualified in good standing as a limited liability company in each jurisdiction where the failure to so qualify preserve and maintain such existence, rights, franchises, privileges and qualification has had, or maintain would not could reasonably be expected to have have, a Material Adverse EffectEffect and (iii) maintain its Loan Party LLC Agreement in full force and effect.

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

Preservation of Company Existence. Each Loan Party (i) shall preserve and maintain its organizational existence existence, rights, franchises and privileges in the jurisdiction of its formation and (ii) shall promptly obtain and thereafter maintain qualifications to do business as a foreign entity in any other jurisdiction in which it does business and in which it is required to so qualify under Applicable Law and preserve and maintain its other rightsLaw, franchises and privileges except, in the jurisdiction case of its formation except where this clause (ii), the failure to do so qualify or maintain would could not reasonably be expected to have cause a Material Adverse Effect.

Preservation of Company Existence. Each Loan Party shall preserve and maintain its organizational existence existence, rights, franchises and privileges in the jurisdiction of its formation and shall promptly obtain and thereafter maintain qualifications to do business as a foreign entity in any other jurisdiction in which it does business and in which it is required to so qualify under Applicable Law 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.