Common use of Preservation of Legal Existence Clause in Contracts

Preservation of Legal Existence. The Seller will preserve and maintain its existence, legal structure, legal name and, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, its rights (charter and statutory), permits, licenses, approvals, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in each jurisdiction where the failure to maintain such qualification could have a Material Adverse Effect.

Preservation of Legal Existence. The Seller will preserve and maintain its existence, legal structure, legal name and, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and its rights (charter and statutory), permits, licenses, approvals, franchises and privileges in the jurisdiction of its formation, and qualify and remain qualified in each jurisdiction where the failure to maintain such qualification could have a Material Adverse Effect.

Preservation of Legal Existence. The Seller will shall preserve and maintain its legal existence, legal structure, legal name and, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, its rights (charter and statutory), permits, licenses, approvalsrights, franchises and privileges in the jurisdiction of its formationorganization, and qualify and remain qualified in good standing in each jurisdiction where the nature of its business or the ownership of its assets requires it to be so qualified except where the failure to preserve and maintain such qualification could would reasonably be expected to have a Material Adverse Effect.