Common use of Existence and Rights Clause in Contracts

Existence and Rights. Each Debtor shall do, or cause to be done, all things necessary to preserve and keep in full force and affect its existence, good standing and rights.

Appears in 5 contracts

Samples: Security Agreement (Phototron Holdings, Inc.), Security Agreement (Phototron Holdings, Inc.), Security Agreement (Phototron Holdings, Inc.)

AutoNDA by SimpleDocs

Existence and Rights. Each Debtor shall do, do (or cause to be done, ) all things necessary to preserve and keep in full force and affect effect its existence, good standing standing, rights and rightsfranchises. Debtor shall maintain any and all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its property or to the conduct of its businesses.

Appears in 1 contract

Samples: Security Agreement (Global Matrechs, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.