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 each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect in all material respects its existence, rights, franchises and authority.

Appears in 7 contracts

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

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Preservation of Existence and Franchises. Each of the Credit Parties will, and will cause each of its Consolidated Subsidiaries to, do all things necessary to preserve and keep in full force and effect in all material respects its existence, rights, franchises and authority, except in connection with any Permitted Acquisition.

Appears in 5 contracts

Samples: Participation Agreement (Veritas Software Corp /De/), Credit Agreement (Veritas Software Corp /De/), Credit Agreement (Veritas Software Corp /De/)

Preservation of Existence and Franchises. Each Except as permitted by Section 8.4, 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 in all material respects its (a) existence, rights, rights and franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Pulte Homes Inc/Mi/), 364 Day Credit Agreement (Pulte Corp), Credit Agreement (Pulte Homes Inc/Mi/)

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 in all material respects its existence, rights, franchises and authorityauthority except as permitted by Section 8.4.

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 Party will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect in all material respects its existence, rights, franchises and authority.

Appears in 3 contracts

Samples: Loan Agreement (Tractor Supply Co /De/), Credit 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 in all material respects its existence, rights, franchises and authorityauthority unless 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 will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect in all material respects its existence, rights, franchises and authorityauthority except as permitted under Section 8.3 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 in all material respects its existence, rights, franchises 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 in all material respects its existence, rights, franchises and authorityauthority except as permitted by SECTION 6.02(D).

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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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 in all material respects its existence, rights, franchises and authorityauthority except as permitted by Section 9.4.

Appears in 1 contract

Samples: Credit Agreement (Wesco International 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 in all material respects its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Unifi 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 in all material respects its existence, rights, franchises and authorityauthority except as permitted by 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 Party will cause each of its Subsidiaries to, do all things necessary to preserve and keep (and will cause each of its Subsidiaries to keep) in full force and effect in all material respects its existence, rights, franchises and authority, except for corporate reorganizations and other similar transactions which would not have or reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Cott Corp /Cn/)

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 in all material respects its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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