Common use of Preservation of Corporate Status and Franchises Clause in Contracts

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect . The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 3 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

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Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect Effect. The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, done all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 2 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect Effect. The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Sierra Pacific Power Co)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect Effect. The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Resources)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Significant Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect Effect. The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Day Credit Agreement (Sierra Pacific Power Co)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect . The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Resources)

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Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Significant Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect . The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in -------- ------- this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect . The Borrower shall, and shall cause each of its Subsidiaries to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

Preservation of Corporate Status and Franchises. The Borrower shall, and shall cause each of its Subsidiaries Significant Subsidiary to, maintain its status as a corporation, trust or limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, and to be duly qualified to do business as a foreign corporation, trust or limited liability company and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, -------- however, that nothing in this Section 5.04 shall prevent the withdrawal by the ------- Borrower or any of its Subsidiaries Significant Subsidiary of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not have a Material Adverse Effect . The Borrower shall, and shall cause each of its Subsidiaries Significant Subsidiary to, do or cause to be done, all things necessary to preserve and keep in full force and effect its material rights, franchises, licenses and patents.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

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