Common use of Preservation of Existence and Similar Matters Clause in Contracts

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4, each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

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Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.4., each of the Parent and the Borrower shall, and shall cause each other Loan Party and and, subject to Section 12.14., each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Chambers Street Properties), Term Loan Agreement (Chambers Street Properties), Credit Agreement (Chambers Street Properties)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4., each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Saul Centers Inc), Credit Agreement (Saul Centers Inc)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.3., each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc), Unsecured Credit Agreement (CBL & Associates Properties Inc)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.410.6., each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Keystone Property Trust), Credit Agreement (Keystone Property Trust)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.410.7., each of the Parent and the Borrower shall, and shall cause each Subsidiary and each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.7., each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties ‌ ​ LEGAL02/42113124v8 ​ or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.. ​

Appears in 1 contract

Samples: Credit Agreement (CubeSmart, L.P.)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.3, each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Unsecured Term Loan Agreement (CBL & Associates Properties Inc)

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Preservation of Existence and Similar Matters. 82 Except as otherwise permitted under Section 10.49.5., each of the Parent and the Borrower shall, and shall cause each Subsidiary and each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties, L.P.)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.410.8., each of the Parent and the Borrower shall, and shall cause the Borrower, each other Loan Party Party, and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (First Washington Realty Trust Inc)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.7., each of the Parent and the Borrower shall, and shall cause each other Loan Party Subsidiary, Controlled Joint Venture Subsidiary and each other Subsidiary of the Parent Loan Party to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Ashford Hospitality Trust Inc)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.3., each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.. exhibit10175a.htm

Appears in 1 contract

Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.49.5., each of the Parent and the Borrower shall, and shall cause each Subsidiary and each other Loan Party and each other Subsidiary of the Parent to, preserve and maintain its respective existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization and where the failure to be so authorized and qualified could reasonably be expected to have a Material Adverse Effect.. 4889-7534-3155, v. 14

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

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