Common use of Maintenance of Business Clause in Contracts

Maintenance of Business. Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 7.4(c); provided, however, that nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lenders. Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect. Section 6.2

Appears in 3 contracts

Samples: Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Infrastructure, Inc.)

AutoNDA by SimpleDocs

Maintenance of Business. Except as otherwise provided in Sections 8.10(b) and 8.11 hereof, the Borrower shall, and shall cause each Subsidiary of its Subsidiaries to, preserve and maintain its existence, except as otherwise provided in Section 7.4(c); providedand shall not, however, that nothing in this Section and shall prevent the Borrower from dissolving not allow any of its Subsidiaries if such action isto, in materially amend or modify any of its respective formation or organizational documents without the reasonable business judgment prior written consent of the BorrowerAdministrative Agent, desirable in the conduct of its business and is such consent not disadvantageous in any material respect to the Lendersbe unreasonably withheld. The Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect. Section 6.2.

Appears in 2 contracts

Samples: Credit Agreement (National Credit & Guaranty CORP), Credit Agreement (Kimball Hill, Inc.)

Maintenance of Business. Borrower shall, and shall cause each Subsidiary of its Material Subsidiaries to, preserve and maintain its existence, except terminations of the existence of any such Material Subsidiary in connection with any merger or consolidation permitted pursuant to the terms of the Loan Documents, terminations of the existence of or the winding up of the business of non-Material Subsidiaries and, as otherwise provided in Section 7.4(c); provided, however, that nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lenderssubsection 7.5 hereof. The Borrower shall, and shall cause each Subsidiary of its Material Subsidiaries to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could may reasonably be expected to have a Material Adverse Effect. Section 6.2.

Appears in 2 contracts

Samples: Credit Agreement (Unified Grocers, Inc.), Credit Agreement (Unified Grocers, Inc.)

Maintenance of Business. The Borrower shall, and shall cause each Subsidiary of its Restricted Subsidiaries to, preserve and maintain its existence, except as otherwise provided in Section 7.4(c8.10(c) or 8.10(d); provided, however, that nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lendersbusiness. The Borrower shall, and shall cause each Subsidiary of its Restricted Subsidiaries to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary or desirable to the proper conduct of its business where the failure to do so could would reasonably be expected to have a Material Adverse Effect. Section 6.2.

Appears in 1 contract

Samples: Credit Agreement (Dynatrace, Inc.)

AutoNDA by SimpleDocs

Maintenance of Business. Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 7.4(c); provided, however, that nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in any material respect to the Lenders. Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect. Section 6.2.

Appears in 1 contract

Samples: Credit Agreement (Sterling Construction Co Inc)

Maintenance of Business. The Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except (i) as otherwise provided in Section 7.4(c); provided, however, that nothing in this Section shall prevent 8.10(c) hereof and (ii) the Borrower from dissolving discontinuance of any of its Subsidiaries if such action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its business and is not disadvantageous in Subsidiary (other than any material respect Material Subsidiary or any other Subsidiary which has furnished any Collateral or Guaranty) to the Lendersextent such discontinuance would not reasonably be likely to have any Material Adverse Effect. The Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could is reasonably be expected likely to have a Material Adverse Effect. Section 6.2.

Appears in 1 contract

Samples: Credit Agreement (Diamond Home Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.