Common use of Preservation of Existence and Franchises Clause in Contracts

Preservation of Existence and Franchises. Except as expressly permitted by Section 8.2 or Section 8.3 below, the Borrower will, and will cause each of its Principal Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, and material rights, franchises and authority.

Appears in 10 contracts

Samples: Credit Agreement (Integrys Energy Group, Inc.), Credit Agreement (Integrys Energy Group, Inc.), Credit Agreement (Integrys Energy Group, Inc.)

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Preservation of Existence and Franchises. Except as expressly permitted by Section 8.2 or Section 8.3 below, the The Borrower will, will do (and will cause each of its Principal Material Subsidiaries to, do to do) all things necessary to preserve and keep in full force and effect its existence, and material rights, franchises and authority; provided that nothing in this Section 8.2 shall prevent any transaction otherwise permitted under Section 9.2 or Section 9.3 or any change in the form of organization (by merger or otherwise) of any Material Subsidiary of the Borrower so long as such change shall not have an adverse effect on the Borrower's ability to perform its obligations hereunder.

Appears in 9 contracts

Samples: Letter of Credit Agreement (Consolidated Natural Gas Co/Va), Letter of Credit Agreement (Dominion Resources Inc /Va/), 364 Day Credit Agreement (Consolidated Natural Gas Co/Va)

Preservation of Existence and Franchises. Except The Borrower will, except as expressly permitted by Section 8.2 or Section 8.3 below, the Borrower will, and will cause each of its Principal Subsidiaries to8.2, do all things necessary to preserve and keep in full force and effect its existence, and material rights, franchises and authority.

Appears in 7 contracts

Samples: Bridge Credit Agreement, Term Loan Agreement (Alabama Power Co), Bridge Credit Agreement (Southern Co)

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Preservation of Existence and Franchises. Except as expressly otherwise permitted by pursuant to the terms of Section 8.2 or Section 8.3 below8.4, the Borrower will, and will cause each of its Principal Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, material rights and material rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Hunt Manufacturing Co)

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