Common use of Corporate Existence; Foreign Qualification Clause in Contracts

Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (i) maintain and preserve its (a) existence as a corporation, limited liability company or partnership, as applicable, and (b) power and authority to own its properties and to carry on its business, (ii) be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the nature of its business makes such qualification necessary, except where the failure to so qualify is not reasonably likely to have a Material Adverse Effect and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith is not reasonably likely to, in the aggregate, have a Material Adverse Effect.

Appears in 6 contracts

Samples: Master Motor Vehicle Lease And (Vanguard Car Rental Group Inc.), Master Motor Vehicle Lease and Servicing Agreement (Vanguard Car Rental Group Inc.), Vehicle Lease and Servicing Agreement (Autonation Inc /Fl)

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Corporate Existence; Foreign Qualification. Do It shall do and cause to be done at all times all things necessary to (i) subject to Section 8.4, maintain and preserve its (a) existence as a corporationcorporate, partnership, limited liability company or partnership, as applicable, and (b) power and authority to own its properties and to carry on its business, trust existence; (ii) be be, and ensure that it is, duly qualified to do business and in good standing as a foreign corporation entity in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary, except necessary and where the failure to so qualify is not would be reasonably likely expected to have result in a Lease Material Adverse Effect Effect; and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith is not reasonably likely towould not, in the aggregate, have be reasonably expected to result in a Lease Material Adverse Effect.. 8.2

Appears in 1 contract

Samples: Master Scooter Operating Lease and Servicing Agreement (Bird Global, Inc.)

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Corporate Existence; Foreign Qualification. Do It shall do and cause to be done at all times all things necessary to (i) subject to Section 8.4, maintain and preserve its (a) existence as a corporationcorporate, partnership, limited liability company or partnership, as applicable, and (b) power and authority to own its properties and to carry on its business, trust existence; (ii) be be, and ensure that it is, duly qualified to do business and in good standing as a foreign corporation entity in each jurisdiction where the character of its properties or the nature of its business makes such qualification necessary, except necessary and where the failure to so qualify is not would be reasonably likely expected to have result in a Lease Material Adverse Effect Effect; and (iii) comply with all Contractual Obligations and Requirements of Law binding upon it, except to the extent that the failure to comply therewith is not reasonably likely towould not, in the aggregate, have be reasonably expected to result in a Lease Material Adverse Effect.

Appears in 1 contract

Samples: Master Scooter Operating Lease and Servicing Agreement (Bird Global, Inc.)

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