Common use of PRESERVATION OF EXISTENCE; COMPLIANCE WITH APPLICABLE LAWS Clause in Contracts

PRESERVATION OF EXISTENCE; COMPLIANCE WITH APPLICABLE LAWS. Maintain and preserve its existence and all rights and privileges now enjoyed; not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization; notwithstanding the foregoing Borrower may liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination, acquire any other business organization, or acquire all or substantially all of the assets of any other person (collectively, an "Acquisition"), so long as Borrower is in compliance with the covenants contained in Section 8.14 immediately after such Acquisition; and conduct its business and operations in accordance with all applicable laws, rules and regulations.

Appears in 2 contracts

Samples: Accounts Receivable Credit Agreement (Elexsys International Inc), Accounts Receivable Credit Agreement (Elexsys International Inc)

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PRESERVATION OF EXISTENCE; COMPLIANCE WITH APPLICABLE LAWS. Maintain and preserve its existence and all rights and privileges now enjoyed; not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization; notwithstanding the foregoing Borrower may liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination, acquire any other business organization, or acquire all or substantially all of the assets of any other person (collectively, an "Acquisition"), so long as Borrower is in compliance with the covenants contained in Section 8.14 6.14 immediately after such Acquisition; and conduct its business and operations in accordance with all applicable laws, rules and regulations.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Elexsys International Inc), Line of Credit Agreement (Elexsys International Inc)

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PRESERVATION OF EXISTENCE; COMPLIANCE WITH APPLICABLE LAWS. Maintain and preserve its existence and all rights and privileges now enjoyed; not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization; notwithstanding the foregoing Borrower may liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination, acquire any other business organization, or acquire all or substantially all of the assets of any other person (collectively, an "Acquisition"), so long as Borrower is in compliance with the covenants contained in Section 8.14 immediately after such Acquisitionacquisition; and conduct its business and operations in accordance with all applicable laws, rules and regulations.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Elexsys International Inc)

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