Preservation of Corporate Existence and Similar Matters Sample Clauses

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and 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 or authorization.
AutoNDA by SimpleDocs
Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its corporate existence and 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 or authorization.
Preservation of Corporate Existence and Similar Matters. Lessee shall preserve and maintain the corporate existence of Lessee and all of Lessee’s rights, franchises, licenses and privileges in the jurisdiction of its incorporation or organization, as the case may be, and shall ensure that each entity comprising Lessee 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 businesses requires such qualification or authorization.
Preservation of Corporate Existence and Similar Matters. Preserve and maintain, and cause each other Loan Party to preserve and maintain, its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and 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 businesses require such qualification or authorization, except to the extent that the failure to preserve any such rights, franchises, licenses and privileges could not reasonably be expected to result in a Material Adverse Effect, and except to the extent that any failure to preserve and maintain it corporate existence results from the merger of a Loan Party into another Loan Party permitted by Section 8.08.
Preservation of Corporate Existence and Similar Matters. (1) Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and 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 or authorization, except where the failure to obtain or maintain such qualification or authorization would not have a Material Adverse Effect on such Borrower and its Subsidiaries as a whole provided, that, within one hundred eighty (180) days after the Effective Date, each of the Borrowers and Guarantors listed on Schedule 9.1 hereto shall be dissolved or merged with and into the respective owners of each such Borrower or Guarantor. (2) Deliver to the Agent within sixty (60) days after the Effective Date, certificates evidencing the good standing of each Borrower in each jurisdiction in which it is required to be qualified as a foreign corporation to transact business as presently conducted including, without limitation, those jurisdictions in which intrastate authority is held (as listed in Schedule 6.1(f) hereto) and required to be held.
Preservation of Corporate Existence and Similar Matters. 88 SECTION 9.2.
Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and 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 or authorization, except where the failure to maintain such corporate existence, qualification or authorization would not, either singly or in the aggregate, have a Materially Adverse Effect, except that the existence of any such Subsidiary may be terminated (by dissolution, merger or any other means) upon the good faith determination of such Subsidiary’s board of directors that such termination is in the best interest of the Subsidiary and its various constituencies and the taking of appropriate action by the shareholder(s) of such Subsidiary.
AutoNDA by SimpleDocs
Preservation of Corporate Existence and Similar Matters. 81 SECTION 9.2
Preservation of Corporate Existence and Similar Matters. 76 ------------------------------------------------------- Section 8.2 Compliance with Applicable Law................................. 76 ------------------------------ Section 8.3 Conduct of Business............................................ 77 ------------------- Section 8.4 Payment of Taxes and Claims.................................... 77 --------------------------- Section 8.5 Accounting Methods and Financial Records....................... 77 ---------------------------------------- Section 8.6 Use of Proceeds................................................ 77 --------------- Section
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!