Common use of Existence; Maintenance of Properties Clause in Contracts

Existence; Maintenance of Properties. (a) Except as permitted under §7.15, §8.4 and §8.8, the Borrower and each Guarantor will and will cause each of their respective Subsidiaries to preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor will preserve and keep in full force all of their rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after the IPO Event, the common stock of REIT shall at all times be listed for trading and be traded on the New York Stock Exchange or another national exchange approved by Agent, unless otherwise consented to by the Majority Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Behringer Harvard Reit I Inc)

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Existence; Maintenance of Properties. (a) Except as permitted under by §7.15, §8.4 and §8.88.6(iii), the Borrower and each Guarantor will the Guarantors will, and will cause each of their respective Subsidiaries to to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor the Guarantors will preserve and keep in full force all of their respective rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT Borrower shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after the IPO Event, the common stock of REIT The Borrower shall at all times cause its common shares to be listed for trading and be traded on the New York Stock Exchange or another national exchange reasonably approved by Agent, unless otherwise consented to by the Majority Lenders.

Appears in 1 contract

Samples: Term Credit Agreement (STORE CAPITAL Corp)

Existence; Maintenance of Properties. (a) Except as permitted under by §7.15, §8.4 and §8.88.6(iii), the Borrower and each Guarantor will the Guarantors will, and will cause each of their respective Subsidiaries to to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor the Guarantors will preserve and keep in full force all of their respective rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT Borrower shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after the IPO Event, the common stock of REIT Borrower shall at all times cause its common shares to be listed for trading and be traded on the New York Stock Exchange or another national exchange reasonably approved by Agent, unless otherwise consented to by the Majority Lenders.

Appears in 1 contract

Samples: Bridge Loan Credit Agreement (STORE CAPITAL Corp)

Existence; Maintenance of Properties. (a) Except as permitted under §7.15, §8.4 and §8.8, the Borrower and each Guarantor will and will cause each of their respective Subsidiaries to preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor will preserve and keep in full force all of their rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after the IPO Event, the common stock of REIT shall at all times be listed for trading and be traded on the New York Stock Exchange or another national exchange approved by Agent, unless otherwise consented to by the Majority Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

Existence; Maintenance of Properties. (a) Except as permitted under by §7.15, §8.4 and §8.88.6(iii), the Borrower and each Guarantor will the Guarantors will, and will cause each of their respective Subsidiaries to to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor the Guarantors will preserve and keep in full force all of their respective rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT Borrower shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after Following the IPO Event, the common stock of REIT ,The Borrower shall at all times cause its common shares to be listed for trading and be traded on the New York Stock Exchange or another national exchange reasonably approved by Agent, unless otherwise consented to by the Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

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Existence; Maintenance of Properties. (a) Except as permitted under §7.15, §8.4 and §8.8, the Borrower and each Guarantor will and will cause each of their respective Subsidiaries to preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor will preserve and keep in full force all of their rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after the IPO Event, the common stock of REIT shall at all times be listed for trading and be traded on the New York Stock Exchange or another national exchange approved by Agent, unless otherwise consented to by the Majority Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

Existence; Maintenance of Properties. (a) Except as permitted under by §7.15, §8.4 and §8.88.6(iii), the Borrower and each Guarantor will the Guarantors will, and will cause each of their respective Subsidiaries to to, preserve and keep in full force and effect their legal existence in the jurisdiction of its incorporation or formation. The Borrower and each Guarantor the Guarantors will preserve and keep in full force all of their respective rights and franchises and those of their Subsidiaries, the preservation of which is necessary to the conduct of their business and the failure to have which could reasonably be expected to have a Material Adverse Effect. REIT Borrower shall at all times comply with all requirements and applicable laws and regulations necessary to maintain REIT Status and shall continue to receive REIT Status. From and after Following the IPO Event, the common stock of REIT Borrower shall at all times cause its common shares to be listed for trading and be traded on the New York Stock Exchange or another national exchange reasonably approved by Agent, unless otherwise consented to by the Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

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