Common use of Preservation of Corporate Existence and Related Matters Clause in Contracts

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Rural Metro Corp /De/)

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Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan DocumentSECTION 11.4, preserve and maintain (i) its separate corporate existence and (ii) all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which where the failure nature and scope of its activities require it to so qualify under Applicable Law except, in the case of clause (ii), as could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Restaurant Co)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document9.5, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which where the failure nature and scope of its activities require it to so qualify could reasonably be expected to have a Material Adverse Effectunder applicable law.

Appears in 1 contract

Samples: Credit Agreement (Horizon Personal Communications Inc)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan DocumentSECTION 11.5, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the failure to so qualify could reasonably be expected to would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Condor Technology Solutions Inc)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document8.03, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which where the nature and scope of its activities require it to so qualify under applicable Law, except where the failure to so preserve and maintain its existence and rights or to so qualify could reasonably be expected to would not have a Material Adverse Effect.. 67 7.02

Appears in 1 contract

Samples: Credit Agreement (Wausau Mosinee Paper Corp)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document9.5, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which where the nature and scope of its activities require it to so qualify under Applicable Law, except where the failure to so preserve and maintain its existence and rights or to so qualify could reasonably be expected to would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Miller Herman Inc)

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Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document11.5, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Effect; PROVIDED, that any Subsidiary may liquidate, dissolve and wind up into the Borrower or a Wholly-Owned Material Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Marshall Industries)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan Document8.4, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the failure to so qualify could reasonably be expected to would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Optio Software Inc)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 11.5 or any other provision of any Loan DocumentSECTION 9.5, preserve and maintain its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business; , including without limitation, all Permits when and as necessary for the conduct of each Borrower's business as then contemplated and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which where the failure nature and scope of its activities require it to so qualify could reasonably be expected to have a Material Adverse Effectunder Applicable Law.

Appears in 1 contract

Samples: Loan and Security Agreement (United States Lime & Minerals Inc)

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