Existence; Maintenance of Properties. (a) Each Credit Party will preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. Each Credit Party will preserve and keep in full force all of their rights and franchises, the preservation of which is necessary to the conduct of their business, to the extent that the failure to do so could reasonably be expected to result in a Material Adverse Effect.
Appears in 3 contracts
Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)
Existence; Maintenance of Properties. (a) Each The Credit Party Parties will, and will cause the other Transaction Parties to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. Each The Credit Party Parties will, and will cause the other Transaction Parties to, preserve and keep in full force all of their rights and franchises, the preservation of which is necessary to the conduct of their business, to the extent that the failure to do so could reasonably be expected to result in a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)
Existence; Maintenance of Properties. (a) Each The Credit Party Parties will preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. Each The Credit Party Parties will preserve and keep in full force all of their rights and franchises, the preservation of which is necessary to the conduct of their business, to the extent that the failure to do so could reasonably be expected to result in a Material Adverse Effect.
Appears in 1 contract
Existence; Maintenance of Properties. (a) Each Credit Party will preserve and keep in full force and effect their its legal existence in the jurisdiction of its incorporation or formation. Each Credit Party will preserve and keep in full force all of their its rights and franchises, the preservation of which is necessary to the conduct of their business, to the extent that the except: (i) where failure to do so could would not reasonably be expected to result in have a Material Adverse Effect, or (ii) in connection with a transaction which will result in a release of the Guarantor or its Real Estate under § 5.3 or § 5.5. Borrower shall maintain its status as a real estate investment trust under the Code.
Appears in 1 contract
