GOOD STANDING; BUSINESS. (a) Debtor shall take all necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification.
Appears in 4 contracts
Samples: Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Sigmatron International Inc), Loan and Security Agreement (Otr Express Inc/Ks)
GOOD STANDING; BUSINESS. (a) Debtor shall take all necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification. Debtor shall take all necessary steps to preserve the legal existence of each of its Consolidated Subsidiaries and each of their respective rights to conduct business in all states in which the nature of their respective businesses or ownership of properties requires such qualification.
Appears in 2 contracts
Samples: Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (Napco Security Systems Inc)
GOOD STANDING; BUSINESS. (a) Debtor shall take all dl necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification.
Appears in 1 contract
Samples: Loan and Security Agreement (Delsoft Consulting Inc)
GOOD STANDING; BUSINESS. (a) Debtor shall take all necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification.qualification except where the failure to maintain such qualification would not have a material adverse effect on the Debtor's business or financial condition. (b) Debtor shall engage only in the same or similar business conducted by it on the date of this Agreement. 9.13
Appears in 1 contract
Samples: Loan and Security Agreement (Mercury Air Group Inc)
GOOD STANDING; BUSINESS. (a) Debtor Debtors shall take all necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification.
Appears in 1 contract
GOOD STANDING; BUSINESS. (a) Debtor shall take all necessary steps to preserve its corporate existence and its right to conduct business in all states in which the nature of its business or ownership of its property requires such qualification.
Appears in 1 contract
Samples: Loan and Security Agreement (Napco Security Systems Inc)
