Preservation of Existence and Conduct of Business. Borrower will preserve and maintain its limited liability company status and all of its leases, privileges, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, and conduct its business as presently conducted in an orderly and efficient manner in accordance with good business practices.
Appears in 2 contracts
Samples: Loan Agreement (Grand Court Lifestyles Inc), Loan Agreement (Grand Court Lifestyles Inc)
Preservation of Existence and Conduct of Business. Borrower will (i) preserve and maintain its limited liability company status legal existence and all of its leases, privileges, franchises, qualifications, qualifications and rights that are necessary or desirable in the ordinary conduct of its business, and (ii) conduct its business as presently conducted in an orderly and efficient manner in accordance with good business practices.
Appears in 2 contracts
Samples: Loan Agreement (American Locker Group Inc), Loan Agreement (American Locker Group Inc)
Preservation of Existence and Conduct of Business. Borrower will (i) preserve and maintain its limited liability company status corporate existence and all of its leases, privileges, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, and (ii) conduct its business as presently conducted in an orderly and efficient manner in accordance with good business practices.
Appears in 1 contract
Samples: Credit Agreement (Dril-Quip Inc)
Preservation of Existence and Conduct of Business. Borrower Borrowers will preserve and maintain its limited liability company status their existence and all of its their material leases, privileges, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its their business, and conduct its their business as presently conducted in an orderly and efficient manner in accordance with good business practices.
Appears in 1 contract
Preservation of Existence and Conduct of Business. Borrower will (i) preserve and maintain maintain, and will cause each Subsidiary to preserve and maintain, its limited liability company status corporate existence and all of its leases, privileges, franchises, qualifications, and rights that are necessary or desirable in the ordinary conduct of its business, and conduct (ii) conduct, and cause each Subsidiary to conduct, its business as presently conducted in an orderly and efficient manner in accordance with good business practices.
Appears in 1 contract
Samples: Credit Agreement (Dril-Quip Inc)