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Common use of Qualification to do Business Clause in Contracts

Qualification to do Business. Borrower shall qualify to do business and shall be and remain in good standing in each jurisdiction in which the nature of its business requires it to be so qualified, except to the extent that the failure to be so qualified and in good standing would not have a Material Adverse Effect.

Appears in 9 contracts

Samples: Secured Convertible Credit Facility and Security Agreement (Carecentric Inc), Secured Convertible Credit Facility and Security Agreement (Reed John E), Senior Secured Credit Agreement (Cinemark Inc)

Qualification to do Business. Borrower shall qualify is qualified to do business and shall be is and will remain in good standing in each jurisdiction in which the nature of its business requires it to be so qualified, except to the extent that the failure to be so qualified and in good standing would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Blue Sky Communications Inc)

Qualification to do Business. Borrower shall qualify is qualified to do ----------------------------- business and shall be is and will remain in good standing in each jurisdiction in which the nature of its business requires it to be so qualified, except to the extent that the failure to be so qualified and in good standing would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Hawker Pacific Aerospace)