Common use of Corporate Powers, Etc Clause in Contracts

Corporate Powers, Etc. Borrower shall, and shall cause each of its Subsidiaries to, qualify and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified, except in those jurisdictions where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (American Classic Voyages Co), Credit Agreement (American Classic Voyages Co)