Common use of Legal Existence Clause in Contracts

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 15 contracts

Samples: Five Year Credit Agreement (CVS Corp), Year Credit Agreement (CVS/Caremark Corp), Year Credit Agreement (CVS Corp)

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Legal Existence. Except as may otherwise be permitted by Sections 8.3 6.03 and 8.46.04, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 9 contracts

Samples: Loan Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc)

Legal Existence. Except as may otherwise be permitted by Sections Section 8.3 and Section 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 3 contracts

Samples: Bridge Credit Agreement (Blue MergerSub Corp.), Bridge Credit Agreement (CVS/Caremark Corp), Bridge Credit Agreement (CVS Caremark Corp)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.48.7, maintain, and cause each Subsidiary to maintain, its corporate existence in existence, and maintain its good standing in the jurisdiction of its incorporation or formation organization and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 3 contracts

Samples: Security Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4section 8.3, maintain, and cause each Subsidiary to maintain, its corporate existence in existence, and maintain its good standing in the jurisdiction of its incorporation or formation organization and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 2 contracts

Samples: Credit Agreement (Salem Communications Corp /De/), Credit Agreement (American Radio Systems Corp /Ma/)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 6.03 and 8.46.04, maintain, maintain and cause each Subsidiary to maintain, its corporate existence in good standing (i) in the jurisdiction of its incorporation or formation and (ii) in each other jurisdiction in which such Person does business, except, in each case (other than in respect of the Company in the case of clause (i)), to the extent the failure so to do could would not reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 2 contracts

Samples: Credit Agreement (Fiserv Inc), Term Loan Credit Agreement (Fiserv Inc)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4, maintain, and cause each Significant Subsidiary to maintain, its corporate existence or partnership existence, as the case may be, in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably would be expected likely to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 1 contract

Samples: Credit Agreement (Video Services Corp)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 7.3 and 8.47.4, maintain, and cause each Subsidiary to maintain, its corporate existence or partnership existence, as the case may be, in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 1 contract

Samples: Security Agreement (Everen Capital Corp)

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Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.48.5, maintain, and cause each Subsidiary of its Subsidiaries to maintain, its corporate existence corporate, partnership or analogous existence, as the case may be, in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could would reasonably be expected to have a Material Adverse effectEffect, except that the corporate corporate, partnership or other analogous existence of Subsidiaries operating closing or discontinued operations any Subsidiary may be terminatedterminated if such termination would not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Officemax Inc /Oh/)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.. 48 DRAFT 11/15/96

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Legal Existence. Except as may otherwise be permitted by Sections SECTIONS 8.3 and 8.4, maintain, and cause each Subsidiary to maintain, its corporate existence in good standing in the jurisdiction of its incorporation or formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effectEffect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminated.

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Legal Existence. Except as may otherwise be permitted by Sections 8.3 and 8.4section 8.3, maintain, and cause each Subsidiary to maintain, its corporate existence in existence, and maintain its good standing in the jurisdiction of its incorporation incor poration or formation organization and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse effect, except that the corporate existence of Subsidiaries operating closing or discontinued operations may be terminatedEffect.

Appears in 1 contract

Samples: Credit Agreement (American Radio Systems Corp /Ma/)

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