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

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dallas Gold & Silver Exchange Inc /Nv/), Loan and Security Agreement (White Electronic Designs Corp)

AutoNDA by SimpleDocs

Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its corporate existence and legal form, and qualify and remain qualified as a foreign corporation and authorized entity qualified to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorizationqualification, except to the extent the failure to be so qualified could reasonably be expected to have a Material Adverse Change.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tattooed Chef, Inc.), Loan and Security Agreement (Radisys Corp)

Preservation of Corporate Existence and Similar Matters. The Borrower shall preserve and maintain its corporate existence 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 businesses require such qualification or authorizationauthorization and where the failure to be so qualified would reasonably be likely to have a Material Adverse Effect on the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Headhunter Net Inc), Credit Agreement (Omnicom Group Inc)

Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its corporate existence as a corporation or limited liability company, as the case may be, and qualify and remain qualified as a foreign corporation and entity 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (ScripsAmerica, Inc.), Loan and Security Agreement (Zynex Inc)

Preservation of Corporate Existence and Similar Matters. (a) Borrower shall preserve and maintain its corporate existence 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.remain

Appears in 1 contract

Samples: Credit Agreement (Headhunter Net Inc)

Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its corporate existence and qualify and as a corporation. Borrower shall remain qualified as a foreign corporation and entity 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 failure to do so would not reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Zynex Inc)

Preservation of Corporate Existence and Similar Matters. Each Borrower shall preserve and maintain its corporate existence 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

AutoNDA by SimpleDocs

Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its corporate existence 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 authorizationauthorization including, without limitation, the jurisdictions described on SCHEDULE 5.1(a).

Appears in 1 contract

Samples: Loan and Security Agreement (TBM Holdings Inc)

Preservation of Corporate Existence and Similar Matters. Each Borrower shall preserve and maintain its corporate existence and legal form, and qualify and remain qualified as a foreign corporation and authorized entity qualified to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorizationqualification, except to the extent the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Business Loan Agreement (Fuse Medical, Inc.)

Preservation of Corporate Existence and Similar Matters. Each Borrower shall preserve and maintain its corporate existence as a corporation or limited liability company, as the case may be, and qualify and remain qualified as a foreign corporation and entity 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!