Common use of Maintenance of Existence and Qualifications Clause in Contracts

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 24 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc), Credit Agreement (Windstar Energy, LLC)

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Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will has not cause had, and could not reasonably be expected to have, a Material Adverse ChangeEffect.

Appears in 9 contracts

Samples: Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.)

Maintenance of Existence and Qualifications. Each Except as permitted under Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to maintain, preserve and qualify will not could reasonably be expected to cause a Material Adverse Change.

Appears in 7 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 5 contracts

Samples: Credit Agreement (Devon Energy Corp), Credit Agreement (Questar Market Resources Inc), Credit Agreement (Devon Energy Corp/De)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not could cause a Material Adverse Change.

Appears in 4 contracts

Samples: Credit Agreement (Double Eagle Petroleum Co), Credit Agreement (Clean Energy Fuels Corp.), Note Purchase Agreement (Rio Vista Energy Partners Lp)

Maintenance of Existence and Qualifications. Each Subject to Sections 7.4 and 7.5, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 4 contracts

Samples: Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will would not cause a Material Adverse ChangeChange or where a Restricted Person merges, consolidates or otherwise combines with another Restricted Person.

Appears in 3 contracts

Samples: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services LLC)

Maintenance of Existence and Qualifications. Each ------------------------------------------- Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 3 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Key Production Co Inc), Credit Agreement (Plains All American Pipeline Lp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not reasonably be expected to cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)

Maintenance of Existence and Qualifications. Each Restricted Related Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Inland Resources Inc), Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises powers to do business in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not cause reasonably be expected to have a Material Adverse ChangeEffect.

Appears in 2 contracts

Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Resources, Inc. /DE)

Maintenance of Existence and Qualifications. Each Except as otherwise permitted in Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

Maintenance of Existence and Qualifications. Each Restricted ------------------------------------------- Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Maintenance of Existence and Qualifications. Each Except as otherwise permitted in Section 7.4, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except except, in each case, where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (W&t Offshore Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in its jurisdiction of organization and, except where failure to do so would not reasonably be expected to result in a Material Adverse Change, all states or jurisdictions where required by applicable Law, except where the failure so any of its properties that are subject to qualify will not cause a Material Adverse ChangeMortgage are located.

Appears in 1 contract

Samples: Credit Agreement (Unit Corp)

Maintenance of Existence and Qualifications. Each Restricted ------------------------------------------- Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Person (other than an Immaterial Subsidiary) will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Forcenergy Inc)

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Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will would not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (RAAM Global Energy Co)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change. 12. (a) Section 6.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except (i) for any Restricted Person which ceases to exist as a result of a merger, consolidation or other transaction permitted under Section 7.4 or (ii) where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will could not cause reasonably be expected to result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure to maintain and preserve such existence, rights or franchises, or so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Specialty Laboratories)

Maintenance of Existence and Qualifications. Each Restricted Obligated Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Lawlaw, except where the failure so to qualify will not cause a Material Adverse Changehave any material adverse effect on any Obligated Person.

Appears in 1 contract

Samples: Term Loan Agreement (Geopetro Resources Co)

Maintenance of Existence and Qualifications. Each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions (a) where Collateral is located and (b) where required by applicable Law, except where the failure so to qualify will not cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Maintenance of Existence and Qualifications. Each Subject to Section 8.03 and Section 8.04, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Day Credit Agreement (Devon Energy Corp/De)

Maintenance of Existence and Qualifications. Each Restricted Person (other than Immaterial Subsidiaries) will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not could cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Maintenance of Existence and Qualifications. Each Subject to Section 9.03 and Section 9.04, each Restricted Person will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not cause have a Material Adverse ChangeEffect.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

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