Common use of Maintain Business Clause in Contracts

Maintain Business. Borrower shall maintain in full force and effect all licenses, permits, authorizations, bonds, franchises and other rights necessary or desirable to the profitable conduct of its business, shall continue in, and limit its operations to, the same general lines of business as are presently conducted and shall comply with all applicable laws, orders, regulations and ordinances of all governmental authorities, and, if a corporation or partnership, shall maintain its corporate or partnership existence;

Appears in 2 contracts

Samples: Credit Loan Agreement (Hypercom Corp), Credit Loan Agreement (Schuff Steel Co)

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Maintain Business. Borrower shall maintain in full force and effect all licensesagreements, permitsrights, authorizationstrademarks, bondspatents and licenses necessary to carry out its business in its reasonable business judgment, franchises and other rights necessary or desirable to the profitable conduct shall keep all of its businessassets and properties in good condition and repair, shall continue inordinary wear and tear excepted, and limit shall make all needed and proper repairs and improvements to its operations to, the same general lines of properties in order to properly conduct its business as are presently conducted and shall comply with all applicable laws, orders, regulations and ordinances of all governmental authorities, and, if a corporation or partnership, shall maintain in its corporate or partnership existence;reasonable business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Three Five Systems Inc), Credit Agreement (Three Five Systems Inc)

Maintain Business. Borrower shall maintain in full force and effect all licensesagreements, permits, authorizations, bonds, franchises rights and other rights licenses necessary or desirable to the profitable conduct of carry out its business, shall continue in, and limit its operations to, the same general lines of business as are presently conducted and shall comply with keep all applicable laws, orders, regulations of its properties in good condition and ordinances of repair and shall make all governmental authorities, and, if a corporation or partnership, shall maintain needed and proper repairs and improvements to its corporate or partnership existence;properties in order to properly conduct its business.

Appears in 1 contract

Samples: Loan Agreement (Global Aircraft Solutions, Inc.)

Maintain Business. Borrower shall maintain in full force and effect all licensesagreements, permits, authorizations, bonds, franchises rights and other rights licenses necessary or desirable to the profitable conduct of carry out its business, shall continue in, and limit its operations to, the same general lines of business as are presently conducted and shall comply with keep all applicable laws, orders, regulations of its properties in good condition and ordinances of repair (subject to ordinary wear and tear) and shall make all governmental authorities, and, if a corporation or partnership, shall maintain needed and proper repairs and improvements to its corporate or partnership existence;properties in order to properly conduct its business.

Appears in 1 contract

Samples: Loan Agreement (Global Aircraft Solutions, Inc.)

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Maintain Business. Borrower shall maintain in full force and effect all licenses, permits, authorizations, bonds, franchises and other rights necessary or desirable to the profitable conduct of its business, shall continue in, and limit its operations to, the same general lines of business as are presently conducted and shall comply with all applicable laws, orders, regulations and ordinances of all governmental authorities, and, if a corporation or partnership, shall maintain its corporate or partnership existence;.

Appears in 1 contract

Samples: Revolving Inventory Loan and Security Agreement (Ammo, Inc.)

Maintain Business. Borrower shall maintain in full force and effect all licensesagreements, permitsrights, authorizationstrademarks, bondspatents and licenses necessary to carry out its business in its reasonable business judgment, franchises and other rights necessary or desirable to the profitable conduct shall keep all of its business, shall continue inproperties in good condition and repair, and limit shall make all needed and proper repairs and improvements to its operations to, the same general lines of properties in order to properly conduct its business as are presently conducted and shall comply with all applicable laws, orders, regulations and ordinances of all governmental authorities, and, if a corporation or partnership, shall maintain in its corporate or partnership existence;reasonable business judgment.

Appears in 1 contract

Samples: Credit Agreement (Three Five Systems Inc)

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