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, 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 would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Condor Technology Solutions Inc)

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Preservation of Corporate Existence and Related Matters. Except as permitted by SECTION 11.511.4, 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 would 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 11.5Section 9.5, 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 would have a Material Adverse Effectwhere its business requires such qualification and authorization.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Preservation of Corporate Existence and Related Matters. Except as permitted by SECTION Section 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 would 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 11.5Section 8.4, 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 would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Optio Software Inc)

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Preservation of Corporate Existence and Related Matters. Except as permitted by SECTION 11.59.5, 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 would have a Material Adverse Effectunder Applicable Law.

Appears in 1 contract

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

Preservation of Corporate Existence and Related Matters. Except as permitted by SECTION 11.5Section 9.5, 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 would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Miller Herman Inc)

Preservation of Corporate Existence and Related Matters. Except as permitted by SECTION 11.5Section 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 would could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Rural Metro Corp /De/)

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