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

Preservation of Existence and Similar Matters. Except as permitted under Section 7.3 hereof or to the extent required for the Borrower or any of its Subsidiaries to maintain its status as a REIT, the Borrower will, and will cause each of its Subsidiaries to, preserve and maintain its existence, and its material rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, including, without limitation, the Licenses and all other Necessary Authorizations, except where the failure to do so would not reasonably be expected to have a Materially Adverse Effect.

Appears in 10 contracts

Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/), 364 Day Term Loan Agreement (American Tower Corp /Ma/)

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Preservation of Existence and Similar Matters. Except as permitted under Section 7.3 hereof or to the extent required for the Borrower or any of its Subsidiaries to maintain its status as a REIT7.4, the Borrower will, and will cause each of its Restricted Subsidiaries to, : (a) preserve and maintain its existence, and its material rights, franchises, licenses Licenses and privileges privileges; and (b) qualify and remain qualified and authorized to do business in each jurisdiction in which the jurisdiction character of its incorporation properties or formation, including, without limitation, the Licenses and all other Necessary Authorizationsnature of its business requires such qualification or authorization, except where the for such failure to do so would qualify and be so authorized as could not reasonably be expected to have a Materially Adverse Effect.

Appears in 7 contracts

Samples: Credit Agreement (Gray Television Inc), Credit Agreement (Gray Television Inc), Credit Agreement (Gray Television Inc)

Preservation of Existence and Similar Matters. Except as permitted under Section 7.3 hereof or to the extent required for the Borrower or any of its Subsidiaries to maintain its status as a REIThereof, the Borrower will, and will cause each of its the Restricted Subsidiaries to, preserve and maintain its existence, and its material rights, franchises, licenses and privileges in the jurisdiction state of its incorporation or formation, including, without limitation, the Licenses and all other Necessary Authorizations, except where the failure to do so would not reasonably be expected to have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

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Preservation of Existence and Similar Matters. Except as permitted under Section 7.3 hereof or to the extent required for the Borrower or any of its Subsidiaries to maintain its status as a REIThereof, the Borrower Borrowers will, and will cause each of its the Restricted Subsidiaries to, preserve and maintain its existence, and its material rights, franchises, licenses and privileges in the jurisdiction state of its incorporation or formation, including, without limitation, the Licenses and all other Necessary Authorizations, except where the failure to do so would not reasonably be expected to have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

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