Common use of Existence; Approvals; Qualification; Business Operations; Compliance with Laws Clause in Contracts

Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor will (a) obtain, preserve and keep in full force and effect its separate corporate or limited liability company existence, as applicable, and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) qualify and remain qualified as a foreign corporation or limited liability company, as applicable, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) continue to operate its business as presently operated and will not engage in any new businesses without the prior written consent of Agent. Each Obligor will comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

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Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor will of the Credit Parties (a) will obtain, preserve and keep in full force and effect its separate corporate trust, partnership or limited liability company existence, as applicablethe case may be, and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) will qualify and remain qualified as a foreign corporation trust or limited liability companypartnership, as applicablethe case may be, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) will continue to operate its business as presently operated and will not engage in any new businesses without the prior written consent of Agent. Each Obligor Agent and Required Lenders; and (d) will comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it. The Trust shall at all times maintain its status and qualification as a real estate investment trust in accordance with the requirements of all applicable laws, rules and regulations.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Hersha Hospitality Trust)

Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor will Borrower (a) will obtain, preserve and keep in full force and effect its separate corporate trust or limited liability company partnership existence, as applicablethe case may be, and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) will qualify and remain qualified as a foreign corporation trust or limited liability companypartnership, as applicablethe case may be, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) will continue to operate its business as presently operated and will not engage in any new businesses without the prior written consent of Agent. Each Obligor Bank; and (d) will comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Resource Asset Investment Trust)

Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor will of the Credit Parties (a) will obtain, preserve and keep in full force and effect its separate corporate trust, partnership or limited liability company existence, as applicablethe case may be, and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) will qualify and remain qualified as a foreign corporation trust or limited liability companypartnership, as applicablethe case may be, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) will continue to operate its business as presently operated and will not engage in any new businesses without the prior written consent of Agent. Each Obligor ; and (d) will comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust)

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Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor will of the Credit Parties (a) will obtain, preserve and keep in full force and effect its separate corporate trust, partnership or limited liability company existence, as applicablethe case may be, and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) will qualify and remain qualified as a foreign corporation trust or limited liability companypartnership, as applicablethe case may be, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) will continue to operate its business as presently operated and will not engage in any new businesses without the prior written consent of Agent. Each Obligor Bank; and (d) will comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust)

Existence; Approvals; Qualification; Business Operations; Compliance with Laws. Each Obligor Covered Person will (a) obtain, preserve and keep in full force and effect its separate corporate or limited liability company existence, as applicable, existence and all rights, licenses, registrations and franchises necessary to the proper conduct of its business or affairs; (b) qualify and remain qualified as a foreign corporation or limited liability company, as applicable, in each jurisdiction in which the character or location of the properties owned by it or the business transacted by it requires such qualification; and (c) continue to operate its business as presently operated and, except for related business lines previously disclosed to Agent and Lenders, will not engage in any new businesses without the prior written consent of Agent. Each Obligor will ; and (d) comply with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Samples: Loan Agreement (JPM Co)

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