Common use of Preservation of Existence; Consolidated Corporate Franchises Clause in Contracts

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 20 contracts

Samples: Credit Agreement (BrightView Holdings, Inc.), Second Joinder and Restatement Agreement (National Vision Holdings, Inc.), Credit Agreement (BrightView Holdings, Inc.)

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Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 18 contracts

Samples: Credit Agreement (OneStream, Inc.), Credit Agreement (Academy Sports & Outdoors, Inc.), Credit Agreement (Applovin Corp)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 11 contracts

Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.), First Lien Credit Agreement (BrightSpring Health Services, Inc.), Joinder Agreement and Amendment No. 6 (BrightSpring Health Services, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 7 contracts

Samples: Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under the definition of Permitted Investments and Sections or Section 10.2, 10.3, 10.4, or 10.5.

Appears in 6 contracts

Samples: First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower Borrowers will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any Holdings Reorganization or Replacement Transaction and/or any other transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 6 contracts

Samples: Credit Agreement (GoDaddy Inc.), Credit Agreement (GoDaddy Inc.), Credit Agreement (GoDaddy Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)standing), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would could not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 5 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC), Credit Agreement (Gardner Denver Holdings, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Each Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings CGI Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2Section 11.2, 10.311.3, 10.4, 11.4 or 10.511.5.

Appears in 5 contracts

Samples: Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under the definition of Permitted Investments and Sections or Section 10.2, 10.3, 10.4, or 10.5.

Appears in 4 contracts

Samples: First Lien Credit Agreement (HireRight Holdings Corp), First Lien Credit Agreement (HireRight Holdings Corp), Second Lien Credit Agreement (HireRight GIS Group Holdings, LLC)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction otherwise permitted under hereunder, including pursuant to the definition of Permitted Investments Investments, transactions permitted by the definition of “Asset Sale” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), First Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.), Second Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)standing), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 3 contracts

Samples: Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Wholly-Owned Restricted Subsidiary that constitutes a Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, provided that Holdings the Borrower and its Subsidiaries may consummate any transaction otherwise permitted under hereunder, including pursuant to Permitted Investments Investments, transactions permitted by the definition of “Asset Sale” and Sections 10.2, 10.3, 10.4, 9.10 or 10.510.

Appears in 2 contracts

Samples: Credit Agreement (Surgery Partners, Inc.), Credit Agreement (Surgery Partners, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower Borrowers will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (GoDaddy Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Each Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational corporate rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)standing), permits, licenses and franchises necessary or desirable in the normal conduct of its business, in each case, except to the extent that the failure to do so would could not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrowers and its their Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 2 contracts

Samples: Credit Agreement (Big Heart Pet Brands), Credit Agreement (Del Monte Foods Co)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings Effect the Borrower and its Subsidiaries may consummate any transaction permitted under the definition of Permitted Investments and Sections or Section 10.2, 10.3, 10.4, or 10.5.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Focus Financial Partners Inc.), Second Lien Credit Agreement (Focus Financial Partners Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each casecase (other than with respect to the presentation of the existence, organizational rights and authority of Holdings or the Borrower), except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 2 contracts

Samples: Credit Agreement (Skillsoft Corp.), Credit Agreement (Skillsoft Corp.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 2 contracts

Samples: Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.)

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Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections Section 10.2, 10.3, 10.4, or 10.5.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Bountiful Co), Second Lien Credit Agreement (Bountiful Co)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational corporate rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)standing), permits, licenses and franchises necessary or desirable in the normal conduct of its business, in each case, except to the extent that the failure to do so would could not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 1 contract

Samples: Credit Agreement (Del Monte Foods Co)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent (other than, with respect to clause (a), in the case of the Borrower and Holdings) that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 1 contract

Samples: Credit Agreement (European Wax Center, Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings Holdings, the Company and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections Section 10.2, 10.3, 10.4, or 10.5.

Appears in 1 contract

Samples: Bridge Credit Agreement (GoDaddy Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower Borrowers will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrowers and its their respective Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 1 contract

Samples: Abl Credit Agreement (Bountiful Co)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate mayconsummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.. -125-#8983238089847286v115

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Restricted Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except (other than in the case of the organizational existence of the Borrower) to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any Permitted Investment and any transaction permitted under Permitted Investments and pursuant to Sections 10.2, 10.3, 10.4, or 10.5.

Appears in 1 contract

Samples: Credit Agreement (Carbonite Inc)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicableapplicable in the relevant jurisdiction)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would could not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings and its Subsidiaries may consummate any transaction permitted under Permitted Investments Investments” and Sections 10.2, 10.3, 10.4, 10.4 or 10.5.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Inc.)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction permitted under Permitted Investments and Sections 10.2, 10.3, 10.4, or 10.5.. 9.6

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the The Borrower will, and will cause each other Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrower and its Subsidiaries may consummate any transaction that constitutes a Permitted Investment or is permitted under Permitted Investments and Sections Section 10.2, 10.3, 10.4, or 10.5.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Claire's Holdings LLC)

Preservation of Existence; Consolidated Corporate Franchises. Holdings and the Borrower The Borrowers will, and will cause each Material Subsidiary to, take all actions necessary (a) to preserve and keep in full force and effect its existence, organizational rights and authority and (b) to maintain its rights, privileges (including its good standing (if applicable)), permits, licenses and franchises necessary in the normal conduct of its business, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, however, that Holdings the Borrowers and its their Subsidiaries may consummate any transaction otherwise permitted under hereunder, including pursuant to the definition of Permitted Investments Investments, transactions permitted by the definition of “Asset Sale” and Sections 10.2, 10.3, 10.4, or 10.5.Section 10

Appears in 1 contract

Samples: Second Lien Credit Agreement (Aveanna Healthcare Holdings, Inc.)

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