Common use of Existence; Businesses and Properties Clause in Contracts

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary if the assets of such Subsidiary to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 7 contracts

Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Midstream Partners LP), Guarantee and Collateral Agreement (Crestwood Midstream Partners LP)

AutoNDA by SimpleDocs

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower Company or a Wholly Owned Subsidiary of the Borrower Company in such liquidation or dissolution; provided that Subsidiary Subsidiaries that are Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 6 contracts

Samples: Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except, in the case of a Subsidiary, where the failure to do so would not reasonably be expected to have a Material Adverse Effect and except as otherwise expressly permitted under Section 6.05, and except for ; provided that the liquidation Borrower may liquidate or dissolution of any such Subsidiary dissolve one or more Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 3 contracts

Samples: Credit Agreement (Claires Stores Inc), Term Loan Credit Agreement (Claires Stores Inc), Credit Agreement (Claires Stores Inc)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existenceexistence and good standing, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary if the assets of such Subsidiary to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 3 contracts

Samples: Guaranty Agreement (Frank's International N.V.), Revolving Credit Agreement (Frank's International N.V.), Credit Agreement (Frank's International N.V.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries, if the assets of such Subsidiary corporations, to the extent they exceed estimated liabilities liabilities, are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; , provided that Subsidiary Loan Parties Subsidiaries that are Guarantors may not be liquidated into Subsidiaries that are not Loan PartiesGuarantors.

Appears in 2 contracts

Samples: Credit Agreement (Volume Services America Holdings Inc), Credit Agreement (Service America of Texas Inc)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries, if the assets of such Subsidiary Subsidiaries, to the extent they exceed estimated liabilities liabilities, are acquired by the a Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; , provided that Subsidiary Loan Parties Subsidiaries that are Guarantors may not be liquidated into Subsidiaries that are not Loan PartiesGuarantors.

Appears in 2 contracts

Samples: Credit Agreement (Centerplate, Inc.), Credit Agreement (Centerplate, Inc.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.056.06, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the a Borrower or a Wholly Owned Subsidiary of the a Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (CHC Group Ltd.), Credit Agreement (CHC Group Ltd.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower Holdings or a Wholly Owned Subsidiary of the Borrower Holdings in such liquidation or dissolution; provided that Subsidiary Subsidiaries that are Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (Foundation Coal Holdings, Inc.), Credit Agreement (Dresser-Rand Group Inc.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower HoldingsParent or a Wholly Owned Subsidiary of the Borrower HoldingsParent in such liquidation or dissolution; provided that Subsidiary Subsidiaries that are Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Foundation Coal Holdings, Inc.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower Parent or a Wholly Owned Subsidiary of the Borrower Parent in such liquidation or dissolution; provided that Subsidiary Subsidiaries that are Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Alpha Natural Resources, Inc.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, (i) except as otherwise expressly permitted under Section 6.056.04, and (ii) except for the liquidation or dissolution of any such Subsidiary Restricted Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Restricted Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Affinion Group Holdings, Inc.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary corporations to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; , provided that Subsidiary Loan Parties Subsidiaries that are Guarantors may not be liquidated into Subsidiaries that are not Loan PartiesGuarantors.

Appears in 1 contract

Samples: Credit Agreement (Volume Services America Holdings Inc)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.056.06, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the a Borrower or a Wholly Owned Subsidiary of the a Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Integra Leasing As)

AutoNDA by SimpleDocs

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary corporations to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Res Acquisition Corp)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.057.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the any of Borrower or a Wholly Owned Subsidiary of the any of Borrower in such liquidation or dissolution; provided that a Subsidiary Loan Parties Guarantor may not be liquidated into Subsidiaries that are not Loan Partiesa Non-Guarantor Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Barrington Quincy LLC)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existenceexistence and good standing, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary if the assets of such Subsidiary to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.. Frank’s International Multi-Year Credit Agreement

Appears in 1 contract

Samples: Guaranty Agreement (Frank's International N.V.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Subsidiaries that are Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the a Borrower or a Wholly Owned Subsidiary of the a Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Non-Subsidiary Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (New Skies Satellites Holdings Ltd.)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05, and except for the liquidation or dissolution of any such Restricted Subsidiary if the assets of such Restricted Subsidiary to the extent they exceed estimated liabilities are acquired by the Borrower or a Wholly Owned Subsidiary of the Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties the Guarantors may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.057.05, and except for the liquidation or dissolution of any such Subsidiary Subsidiaries if the assets of such Subsidiary Subsidiaries to the extent they exceed estimated liabilities are acquired by the any of Borrower or a Wholly Owned Subsidiary of the any of Borrower in such liquidation or dissolution; provided that Subsidiary Loan Parties may not be liquidated into Subsidiaries that are not Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Barrington Albany LLC)

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