Common use of Business Requirements Clause in Contracts

Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present business.

Appears in 23 contracts

Samples: Prior   Loan Number   Acct (Double Eagle Petroleum Co), Loan Number (Eldorado Artesian Springs Inc), Loan Number (Widepoint Corp)

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Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present businessbusiness or new businesses presently contemplated.

Appears in 1 contract

Samples: Commercial Loan Agreement (Optical Cable Corp)

Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am I’m organized and an all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new line of business that is materially different from my present business.

Appears in 1 contract

Samples: Commercial Loan Agreement

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Business Requirements. I will preserve and maintain my present existence and good standing in the jurisdiction where I am organized and all of my rights, privileges and franchises. I will do all that is needed or required to continue my business or activities as presently conducted, by obtaining licenses, permits and bonds everywhere I engage in business or activities or own, lease or locate my property. I will obtain your prior written consent before I cease my business or before I engage in any new law line of business that is materially different from my present business.

Appears in 1 contract

Samples: CommunitySouth Bancshares Inc

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