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 (a) maintain and preserve the existence of the Borrower and each of its Subsidiaries, except as otherwise permitted pursuant to Section 9.2(a), (b) be, and ensure that each of its Subsidiaries are, duly qualified to do business and in good standing in each jurisdiction where the nature of their business makes such qualification necessary or failure to so qualify could have a Material Adverse Effect, and (c) comply, and cause its Subsidiaries to comply, with all contractual obligations and requirements of law binding upon such entity, except to the extent that the failure to comply therewith could not in the aggregate have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De)

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Corporate Existence; Foreign Qualification. Do Do, and cause ------------------------------------------ to be done at all times times, all things necessary to (a) maintain and preserve the corporate existence of the Borrower and each Subsidiary of its Subsidiaries, except as otherwise permitted pursuant to Section 9.2(a)the Borrower, (b) be, and ensure that the Borrower and each Subsidiary of its Subsidiaries arethe Borrower is, duly qualified to do business and in good standing as foreign corporations in each jurisdiction where the nature of their business makes such qualification necessary or and where failure to so qualify could have a Material Adverse Effect, and (c) comply, and cause its Subsidiaries to comply, with all contractual obligations and requirements of law binding upon such entity, except to the extent that the failure to comply therewith could not individually or in the aggregate have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Career Education Corp)

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Corporate Existence; Foreign Qualification. Do and cause to be done at all times all things necessary to (ai) maintain and preserve the corporate existence of the each Borrower and each Subsidiary of its Subsidiaries, except as otherwise permitted pursuant to Section 9.2(a)any Borrower, (bii) be, and ensure that each of its Subsidiaries are, be duly qualified to do business and in good standing as a foreign corporation in each jurisdiction where the nature of their its business makes such qualification necessary or necessary, except any such jurisdiction where failure to so qualify could not have a Material Adverse EffectEffect (which jurisdictions shall include, without limitation, those jurisdictions listed in Schedule 10.1) and (ciii) comply, and cause its Subsidiaries to comply, comply with all contractual obligations Contractual Obligations and requirements Requirements of law Law binding upon such entityPerson, except to the extent that the failure failures to so comply therewith could not singly or in the aggregate could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Secured Credit Agreement (Diplomat Direct Marketing Corp)

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