Limited Liability Company Existence. (a) During the term of this Agreement, the Depositor will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its formation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby. In addition, all transactions and dealings between the Depositor and its Affiliates will be conducted on an arm’s-length basis.
Limited Liability Company Existence. The Borrower is a limited liability company duly organized, legally existing, and in good standing under the laws of its state of formation and is duly qualified as foreign limited liability company and is in good standing in all jurisdictions wherein the ownership of Property or the operation of its business necessitates same, other than those jurisdictions wherein the failure to so qualify will not have a Material Adverse Effect.
Limited Liability Company Existence. Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect:
Limited Liability Company Existence. Subject to Article 5, Obligor shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its limited liability company existence, and the corporate, partnership or other existence of each of its Significant Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of Obligor or any such Significant Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of Obligor and its Significant Subsidiaries; provided, however, that Obligor shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Significant Subsidiaries, if the Manager shall determine that the preservation thereof is no longer desirable in the conduct of the business of Obligor and its Significant Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to Obligor.
Limited Liability Company Existence. ..58 Section 6.02. Contracts Not to Be Evidenced by Promissory Notes.....................................58 Section 6.03.
Limited Liability Company Existence. Each Guarantor will do any and all things necessary to preserve and keep in full force and effect its limited liability company status in good standing under the laws of the state of its organization and in the Commonwealth of Virginia.
Limited Liability Company Existence. The Borrower will preserve and maintain its limited liability company existence. The Borrower shall not make or permit to exist any Investment or enter into or permit to exist any partnerships, joint ventures or any other business combinations, mergers or consolidations involving itself or any subsidiary.
Limited Liability Company Existence. Grantor will maintain its limited liability company existence and good standing and will maintain in force all licenses and agreements, the loss of which could have a material adverse effect on Grantor’s business. Grantor will timely pay all material taxes and will comply with all laws and orders applicable to it except where the failure to comply is not reasonably expected to have a Material Adverse Effect.
Limited Liability Company Existence. Except as provided in Section 3.7, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its limited liability company existence.
Limited Liability Company Existence. The Borrower shall at all times maintain its limited liability company existence and shall not, without GE Capital's prior written consent, dissolve or otherwise dispose of all or substantially all of its assets, in one transaction or a series of transactions, or consolidate with or merge into another entity.