Common use of Preservation of Existence and Franchises Clause in Contracts

Preservation of Existence and Franchises. Except as a result of or in connection with a merger of a Subsidiary permitted under Section 8.4, each Credit 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, rights, franchises and authority.

Appears in 5 contracts

Samples: Syndication Amendment and Assignment (Profit Recovery Group International Inc), Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc)

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Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under by Section 8.48.4(a), each Credit Party will, and will cause each of its Subsidiaries Consolidated Party to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 4 contracts

Samples: Credit Agreement (Airgas Inc), Credit Agreement (Airgas Carbonic Inc), Credit Agreement (Airgas Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authorityauthority except where failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Snyder Communications Inc), Credit Agreement (Ventiv Health Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authorityauthority unless the failure to do so could not have a Material Adverse Effect.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Glenayre Technologies Inc), 364 Day Credit Agreement (Glenayre Technologies Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authorityauthority if the failure to do so could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Insight Health Services Corp), Credit Agreement (Insight Health Services Corp)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authority, except to the extent the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Lincare Holdings Inc), Credit Agreement (Lincare Holdings Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.48.4 or Section 8.5, each Credit Party will, and will cause each of its Subsidiaries the Consolidated Parties to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 2 contracts

Samples: Credit Agreement (Healthtronics Surgical Services Inc), Credit Agreement (Healthtronics Surgical Services Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or 8.5, each Credit Party will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect (a) its existenceexistence and (b) except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, its Licenses, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Accredo Health Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.3 or Section 8.4, each Credit 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, rights, existence and authority and all rights and franchises and authoritymaterial to such Credit Party's business as then being conducted.

Appears in 1 contract

Samples: Credit Agreement (Ethyl Corp)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authorityauthority except (other than with respect to existence of the Borrower) where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Condor Systems Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, existence and all material rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Friedmans Inc)

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Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.48.9 or Section 8.10, each Credit 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, rights, franchises and authority.. Each Combined Party shall remain qualified and in good standing in each jurisdiction in which the failure to so qualify and be in good standing could have a Material Adverse Effect

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (CNL American Properties Fund Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a merger or consolidation of a Subsidiary permitted under Section 8.48.3 or an Asset Disposition involving the Voting Stock of a Subsidiary permitted under Section 8.5, each Credit 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, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Helmerich & Payne Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a 84 85 Subsidiary permitted under Section 8.48.4 or Section 8.5, each Credit 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, rights, franchises and authorityfranchises, except with respect to rights and franchises, where failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Vestar Sheridan Inc)

Preservation of Existence and Franchises. Except as a result Each of or in connection with a merger of a Subsidiary permitted under Section 8.4, each the Credit Party 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, rights, franchises and authorityauthority except as permitted by Section 8.4 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.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.4, each Credit 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, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Pluma Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.48.4 or Section 8.5, each Credit 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, where failure to do so could reasonably be expected to have a Material Adverse Effect, its rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

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