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

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4., the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (ii) preserve and maintain its respective rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, and (iii) 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, except, in the case of clauses (i) (solely with respect to Subsidiaries other than Loan Parties), (ii) and (iii), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 6 contracts

Samples: Credit Agreement (Elme Communities), Credit Agreement (Washington Real Estate Investment Trust), Term Loan Agreement (Washington Real Estate Investment Trust)

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Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4., the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (ii) preserve and maintain its respective respective, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation and (iii) 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, except, except in the case of clauses (i) (solely with respect to Subsidiaries other than Loan Parties), (ii) and (iii), to ) where the extent that failure to do preserve and maintain or be so authorized and qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4.10.4, each of the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary of the Parent to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formationexistence, (ii) take reasonable action to preserve and maintain its respective rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation necessary for the conduct of its respective business and (iii) 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, except, authorization in the each case of clauses (i) (solely except with respect to Subsidiaries other than any Loan PartiesParty), (ii) and (iii), except to the extent that such failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (VEREIT Operating Partnership, L.P.), Credit Agreement (American Realty Capital Properties, Inc.)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.410.4., the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (ia) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (iib) preserve and maintain its respective rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation and (iiic) 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, except, authorization except in the case of clauses (ia) (solely with respect to Subsidiaries other than that are not Loan Parties), (iib) and (iiic), to the extent that the failure to do be so authorized and qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (Four Springs Capital Trust)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4.10.4, the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (ia) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (iib) preserve and maintain its respective rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation and (iiic) 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, except, authorization except in the case of clauses (ia) (solely with respect to Subsidiaries other than that are not Loan Parties), (iib) and (iiic), to the extent that the failure to do be so authorized and qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

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Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4., the Parent and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (ii) preserve and maintain its respective respective, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation and (iii) 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, except, except in the case of clauses (i) (solely with respect to Subsidiaries other than Loan Parties), (ii) and (iii), to ) where the extent that failure to do preserve and maintain or be so authorized and qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (American Homes 4 Rent)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4.10.4, the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (ii) preserve and maintain its respective respective, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, formation and (iii) 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, except, except in the case of clauses (i) (solely with respect to Subsidiaries other than Loan Parties), (ii) and (iii), to ) where the extent that failure to do preserve and maintain or be so authorized and qualified could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, L.P.)

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 9.4., the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (i) preserve and maintain its respective existence in the jurisdiction of its incorporation or formation, (ii) preserve and maintain its respective rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation, and (iii) 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, except, in the case of clauses (i) (solely with respect to Subsidiaries other than Loan Parties), (ii) and (iii), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. Section 7.2.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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