Common use of Maintain Existence and Current Legal Form of Business Clause in Contracts

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 14 contracts

Samples: Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp)

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Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), ) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required; (d) maintain its current management and ownership; and (e) in the event of its merger with any other entity, be the surviving entity.

Appears in 5 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Industrial Services of America Inc /Fl)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), ) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 3 contracts

Samples: Loan Agreement (Advisory Board Co), Loan Agreement (Cuisine Solutions Inc), Loan Agreement (RGC Resources Inc)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (ca), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 3 contracts

Samples: Loan Agreement (Goldfield Corp), Loan Agreement (Goldfield Corp), Loan Agreement (Goldfield Corp)

Maintain Existence and Current Legal Form of Business. (a) Maintain its their existence and good standing in the state of its their incorporation or organization, (b) maintain its their current legal form of business indicated above, and, (c), ) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 3 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Maintain Existence and Current Legal Form of Business. (a) Maintain its their existence and good standing in the state of its their incorporation or organization, (b) maintain its their current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required.

Appears in 2 contracts

Samples: Loan Agreement (Sand Hills, Inc), Loan Agreement (Sand Hills, Inc)

Maintain Existence and Current Legal Form of Business. (a) Maintain its their existence and good standing in the state of its their incorporation or organization, (b) maintain its their current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is required. Notwithstanding the foregoing, Bank acknowledges that Borrower intends to terminate the existence of SynTrans, LLC, as a Texas limited liability company, after Closing.

Appears in 2 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organizationformation, (b) maintain its current legal form of business indicated above, and, (c), ) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company to do business in each jurisdiction in which such qualification is required.

Appears in 2 contracts

Samples: Loan Agreement (Jushi Holdings Inc.), Loan Agreement (Broad Street Realty, Inc.)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organizationincorporation, (b) maintain its current legal form of business indicated above, and, (c), as applicable, b) qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company corporation in each jurisdiction in which such qualification is required.

Appears in 2 contracts

Samples: Loan Agreement (Elite Pharmaceuticals Inc /Nv/), Loan Agreement (Elite Pharmaceuticals Inc /Nv/)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership, limited liability limited partnership or limited liability company in each jurisdiction in which such qualification is requiredthe failure to be so qualified would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

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Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is requiredthe failure to be so qualified would have a material adverse effect on the financial condition, properties, or operations of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Targacept Inc)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, and (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company corporation in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Security Agreement (Patriot Transportation Holding, Inc.)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company in each jurisdiction in which such qualification is requiredthe failure to be so qualified would have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), as applicable, ) qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company corporation in each jurisdiction in which such qualification is required.

Appears in 1 contract

Samples: Loan Agreement (Applied Optoelectronics, Inc.)

Maintain Existence and Current Legal Form of Business. (a) Maintain its existence and good standing in the state of its incorporation or organization, (b) maintain its current legal form of business indicated above, and, (c), ) as applicable, qualify and remain qualified as a foreign corporation, general partnership, limited partnership, limited liability partnership or limited liability company corporation in each jurisdiction in which such qualification is required, except where the failure to so qualify could not reasonably be expected to have a material adverse effect on the financial condition of the Borrower or the Borrower's ability to perform its obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Gladstone Capital Corp)

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