Common use of Entity Existence Clause in Contracts

Entity Existence. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, and all its rights, licenses, permits and franchises required at the date hereof, or which may be required in the future conduct of its business, and comply in all material respects with all laws and regulations applicable to it that materially affect the Borrower, and conduct and operate its business in the same lines and in substantially the same manner in which presently conducted and operated (subject to changes in the ordinary course of business), and at all times maintain, preserve and protect all property used and useful in the conduct of its business, and maintain same in good working order and condition, reasonable and ordinary wear, tear and depreciation excepted.

Entity Existence. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, and all its rights, licenses, permits and franchises required at the date hereof, or which may be required in the future conduct of its business, and comply in all material respects with all laws and regulations applicable to it that materially affect the BorrowerBorrower or Pak-It, LLC, and conduct and operate its business in the same lines and in substantially the same manner in which presently conducted and operated (subject to changes in the ordinary course of business), and at all times maintain, preserve and protect all property used and useful in the conduct of its business, and maintain same in good working order and condition, reasonable and ordinary wear, tear and depreciation excepted.

Entity Existence. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its their respective entity existence, and all its rights, licenses, permits and franchises required at the date hereof, or which may be required in the future conduct of its businesstheir businesses, and comply in all material respects with all laws and regulations applicable to it them that materially affect the Borrower, and conduct and operate its business their businesses in the same lines and in substantially the same manner in which presently conducted and operated (subject to changes in the ordinary course of business), and at all times maintain, preserve and protect all property used and useful in the conduct of its businessbusinesses, and maintain same in good working order and condition, reasonable and ordinary wear, tear and depreciation excepted.