Corporate Powers; Conduct of Business. Each Borrower and the Parent shall, and shall cause each of its Subsidiaries to, qualify and remain qualified to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing.
Appears in 3 contracts
Samples: Credit Agreement (Aviation Sales Co), Credit Agreement (Aviation Sales Co), Credit Agreement (Timco Aviation Services Inc)
Corporate Powers; Conduct of Business. Each Borrower and the Parent The Borrowers shall, and shall cause each of its their Subsidiaries to, qualify and remain qualified to do business and maintain its their good standing in each jurisdiction in which the nature of its their business and the ownership of its their Property requires it them to be so qualified and in good standingstanding and a failure to qualify and remain qualified renders Contractual Obligations of Persons in such jurisdictions unenforceable by a Borrower or a Subsidiary of the U.S. Borrower without cure.
Appears in 2 contracts
Samples: Credit Agreement (Freedom Chemical Co), Credit Agreement (Freedom Chemical Co)
Corporate Powers; Conduct of Business. Each The Borrower and the Parent shall, and shall cause each of its Material Subsidiaries to, qualify and remain qualified quali-fied to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing.
Appears in 1 contract
Samples: Credit Agreement (Fairchild Corp)
Corporate Powers; Conduct of Business. Each Borrower and the Parent shall, and shall cause each of its Material Subsidiaries to, qualify and remain qualified to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing.
Appears in 1 contract
Samples: Credit Agreement (Fairchild Corp)
Corporate Powers; Conduct of Business. Each The Borrower and the Parent shall, and shall cause each of its Subsidiaries to, qualify and remain qualified to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and in good standing.
Appears in 1 contract
Samples: Credit Agreement (Aviation Sales Co)
Corporate Powers; Conduct of Business. Each The Parent and each Borrower and the Parent shall, and shall cause each of its Subsidiaries to, qualify and remain qualified to do business and maintain its good standing in each jurisdiction in which the nature of its business and the ownership of its Property requires it to be so qualified and where the failure to be so qualified will have or could reasonably be expected to have a Material Adverse Effect. The Parent will, and will cause each Subsidiary to, carry on and conduct its business in good standingsubstantially the same manner and in substantially the same fields of enterprise as it is presently conducted.
Appears in 1 contract
