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 10.4, the Borrower will preserve and maintain, and cause each of its Significant Subsidiaries to preserve and maintain, its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business, and the Borrower will qualify and remain qualified as a foreign corporation and authorized to do business in, and cause each of its Significant Subsidiaries to qualify and remain qualified as a foreign corporation and authorized to do business in, each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except in cases in which a failure to be so qualified and authorized in another jurisdiction would not in any given instance or in the aggregate have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

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Preservation of Corporate Existence and Related Matters. Except as permitted by Section 10.49.4, the Borrower will preserve and maintain, and cause each of its Significant Subsidiaries to preserve and maintain, its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business, and the Borrower will qualify and remain qualified as a foreign corporation and authorized to do business in, and cause each of its Significant Subsidiaries to qualify and remain qualified as a foreign corporation and authorized to do business in, each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except in cases in which a failure to be so qualified and authorized in another jurisdiction would not in any given instance or in the aggregate have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Preservation of Corporate Existence and Related Matters. Except as permitted by Section 10.4, the Borrower will preserve Preserve and maintain, and cause each of its Significant Subsidiaries to preserve and maintain, maintain its separate corporate existence and obtain, maintain and preserve in full force and effect all other rights, franchises, licenses licenses, permits, certifications, approvals and privileges required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and the Borrower will qualify and remain qualified as a foreign corporation and authorized to do business in, and cause each of its Significant Subsidiaries to qualify and remain qualified as a foreign corporation and authorized to do business in, in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and or authorization, except in cases in which a each case to the extent that the failure to be or remain so qualified and authorized in another jurisdiction would not in any given instance or in the aggregate reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ruths Chris Steak House, Inc.)

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Preservation of Corporate Existence and Related Matters. Except as permitted by Section 10.411.4, the Borrower will preserve and maintain, and cause each of its Significant Subsidiaries to preserve and maintain, its separate corporate existence and all rights, franchises, licenses and privileges necessary to the conduct of its business, and the Borrower will qualify and remain qualified as a foreign corporation and authorized to do business in, and cause each of its Significant Subsidiaries to qualify and remain qualified as a foreign corporation and authorized to do business in, each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except in cases in which a failure to be so qualified and authorized in another jurisdiction would not in any given instance or in the aggregate have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

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