Common use of Preservation of Corporate Existence Clause in Contracts

Preservation of Corporate Existence. Subject to Section 7.6(f), preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or maintain such existence, rights, franchises or privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Except as otherwise permitted in Section 7.6(f6.3(e), preserve and maintain its corporate existenceexistence as a corporation, partnership or limited liability company, as applicable, and all rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation corporation, partnership or limited liability company, as applicable, in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises or franchises, privileges or to and qualification would be so qualified could not, individually or in the aggregate, reasonably be expected likely to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Section 7.6(f), preserve Preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or maintain such existence, rights, franchises or privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Except as expressly permitted under Section 7.6(f4(c), it shall preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporationorganization, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on all jurisdictions in which the its ownership or lease of its property or the conduct of its business requires such qualificationqualifications, except where the failure to be in good standing or to qualify or preserve or maintain such existence, rights, franchises or privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Section 7.6(f)Except as permitted by the Sale and Servicing Agreement, preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporationformation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises franchises, privileges and qualification is reasonably likely to materially adversely affect the interests of the Note Agent or privileges any Owner under this Agreement or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse EffectNote.

Preservation of Corporate Existence. Subject to Except as permitted by Section 7.6(f7.03(e), preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises franchises, privileges and qualification would materially adversely affect (i) the interests of the Agent or privileges any Purchaser hereunder, (ii) the ability of such Seller or Servicer to be so qualified could not, individually perform their respective obligations hereunder or in (iii) the aggregate, reasonably be expected to have a Material Adverse Effectvalidity or enforceability of any Pool Receivable.

Preservation of Corporate Existence. Subject to Section 7.6(f7.03(e), ----------------------------------- --------------- preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises or franchises, privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to and qualification would have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Section 7.6(f), preserve Preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure 215 to preserve or and maintain such existence, rights, franchises or franchises, privileges or to be so qualified could not, individually and qualifications would materially adversely affect the interests of the Buyer hereunder or in and to the aggregateReceivable Assets, reasonably be expected or the ability of the Seller or the Collection Agent to have a Material Adverse Effectperform its obligations under any Purchase Document or the ability of the Seller to perform its obligations under the Contracts.

Preservation of Corporate Existence. Subject to Except as otherwise permitted in Section 7.6(f6.3(e), preserve and maintain its corporate existenceexistence as a corporation, partnership or limited liability company, as applicable, and all rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation corporation, partnership or limited liability company, as applicable, in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises or franchises, privileges or to and qualification would be so qualified could not, individually or in the aggregate, reasonably be expected likely to have a Material Adverse Effect. Receivables Reviews.

Preservation of Corporate Existence. Subject to Section 7.6(f), preserve Preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises or franchises, privileges or to be so qualified and qualification could not, individually or in the aggregate, reasonably be expected to have a Material Adverse EffectEffect or cause a Default of the type described in Section 9.1.9 or Section 9.1.11 of the Secured Credit Agreement.

Preservation of Corporate Existence. Subject to Except as permitted by Section 7.6(f)7.4 hereof, preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or maintain such existence, rights, franchises or privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Except as otherwise permitted in Section 7.6(f6.3(e), preserve and maintain its corporate existenceexistence as a corporation, partnership or limited liability company, as applicable, and all rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation corporation, partnership or limited liability company, as applicable, in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to 13 Purchase and Sale Agreement 18 preserve or and maintain such existence, rights, franchises or franchises, privileges or to and qualification would be so qualified could not, individually or in the aggregate, reasonably be expected likely to have a Material Adverse Effect.

Preservation of Corporate Existence. Subject to Section 7.6(f)Sections 8.17 and 10.12, preserve and maintain its corporate existence, rights, franchises and privileges existence in the jurisdiction of its incorporation, and its rights, franchises and privileges material to the conduct of its business as now being conducted, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on in which the ownership or lease of its property or the conduct such qualification is necessary in view of its business requires such qualificationoperations or the ownership of its properties; provided, except where however, that any Liquidating Subsidiary may be dissolved following its liquidation and the failure to preserve or maintain such existence, rights, franchises or privileges or to be so qualified could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effectwinding up of its affairs.

Preservation of Corporate Existence. Subject to Section 7.6(f), preserve Preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation, and qualify and remain qualified in good standing as a foreign corporation in each other jurisdiction on which the ownership or lease of its property or the conduct of its business requires such qualification, except where the failure to preserve or and maintain such existence, rights, franchises franchises, privileges and qualification would materially adversely affect the interests of the Owners or privileges or to be so qualified could not, individually the Agent hereunder or in and to the aggregateSeller Assets, reasonably be expected or the ability of the Seller or the Collection Agent to have a Material Adverse Effectperform its obligations under any Purchase Document or the ability of the Seller to perform its obligations under the Contracts.