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

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 to the extent the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Female Health Co), Loan Agreement (Female Health Co)

AutoNDA by SimpleDocs

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 to the extent authorization and the failure to do be so qualified would not have a Material Materially Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (International Comfort Products Corp), Loan and Security Agreement (International Comfort Products Corp)

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate or other legal existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or organization and qualify and and, except to the extent its failure to do so could not reasonably be expected to have a Materially Adverse Effect, remain qualified as a foreign corporation or other entity 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 to the extent the failure to do so would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)

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, authorization (except where any failure so to the extent the failure qualify could not reasonably be expected to do so would not have a Material Materially Adverse Effect).

Appears in 2 contracts

Samples: Loan and Security Agreement (Phoenix Racing Inc), Loan and Security Agreement (Heafner Tire Group Inc)

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate legal existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified as a foreign corporation entity 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 to the extent where the failure to do so would not have a Material Materially Adverse EffectEffect on such Borrower and its Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), And Security Agreement (Tropical Sportswear International Corp)

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 to the extent the failure to do be so qualified would not have a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetic Industries Inc)

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate registered existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation organization and qualify and remain qualified as a foreign corporation entity 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, authorization (except where any failure so to the extent the failure qualify could not reasonably be expected to do so would not have a Material Materially Adverse Effect).

Appears in 1 contract

Samples: Credit and Security Agreement (Mastec Inc)

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation 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 to the extent the failure to do so would not be qualified could reasonably be expected to have a Material Materially Adverse Effect; provided the foregoing shall not prohibit the merger of any Subsidiary of the Borrower into the Borrower or a wholly-owned Subsidiary of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Us Franchise Systems Inc/)

AutoNDA by SimpleDocs

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, authorization (except where any failure so to the extent the failure qualify could not reasonably be expected to do so would not have a Material Materially Adverse Effect), PROVIDED that this SECTION 9.1 shall not prohibit any transaction permitted under SECTION 11.7.

Appears in 1 contract

Samples: Loan and Security Agreement (American Tire Distributors Inc)

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 . Compliance with Applicable Law. Comply in all material respects with all Applicable Law relating to the extent the failure to do so would not have a Material Adverse Effectsuch Borrower or such Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Collins Industries Inc)

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 to the extent in each such case where the failure to do so would could not have reasonably be expected to result in a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

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 to the extent authorization and the failure to do so qualify or obtain such authorization would not have a Material Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges existence 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 to the extent where the failure to do be so qualified or authorized would not have a Material Adverse EffectEffect on the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tractor Supply Co /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.