Common use of Preservation of Existence and Franchises Clause in Contracts

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material rights, franchises, intellectual property and authority except as permitted by Section 8.5.

Appears in 8 contracts

Samples: Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn), Day Revolving Credit Agreement (Polaris Industries Inc/Mn)

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Preservation of Existence and Franchises. Each Except as a result of the or in connection with a merger of a Subsidiary permitted under Section 8.4, each Credit Parties Party will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5authority.

Appears in 5 contracts

Samples: Credit Agreement (Profit Recovery Group International Inc), Credit Agreement (PRG Schultz International Inc), Credit Agreement (Profit Recovery Group International Inc)

Preservation of Existence and Franchises. Each Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 7.4 or Section 7.5, each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5authority.

Appears in 4 contracts

Samples: Credit Agreement (Kendle International Inc), Credit Agreement (Kendle International Inc), Credit Agreement (Kendle International Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.58.4 or except (with respect to rights, franchises and authority only) where the failure to do so would not have or be reasonably expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Knoll Inc), Credit Agreement (Knoll Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.58.4.

Appears in 3 contracts

Samples: Credit Agreement (Ryans Family Steakhouses Inc), Credit Agreement (Us Can Corp), Credit Agreement (Ryans Restaurant Group Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5unless any such Credit Party determines that any such rights, franchises or authority is no longer necessary to the conduct of its business.

Appears in 3 contracts

Samples: Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Ivex Packaging Corp /De/)

Preservation of Existence and Franchises. Each of the Credit Parties Party will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5authority.

Appears in 3 contracts

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

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and in all material respects its existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5.authority. 7.3

Appears in 2 contracts

Samples: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by under Section 8.58.3 or where failure to do so would not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Promus Hotel Corp), Credit Agreement (Promus Hotel Corp)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.58.4 or Section 8.5 or unless any such Person determines that any such rights, franchises or authority is no longer necessary to the conduct of its business or unless the failure to preserve and keep in full force and effect any such right, franchise and authority would not have or would not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

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Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section Sections 8.4 or 8.5.

Appears in 1 contract

Samples: Credit Agreement (Fruit of the Loom Inc /De/)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5SECTION 6.02(D).

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Preservation of Existence and Franchises. Each of the Except as otherwise permitted by Section 8.4, each Credit Parties Party will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5authority.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.59.4.

Appears in 1 contract

Samples: Credit Agreement (Wesco International Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchisesfranchises and authority, intellectual property and authority except as otherwise permitted by Section 8.4 or Section 8.5, unless the failure to do so would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gorges Quik to Fix Foods Inc)

Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence and all material existence, rights, franchises, intellectual property franchises and authority except as permitted by Section 8.5authority.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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