Common use of Maintenance of Existence and Qualifications Clause in Contracts

Maintenance of Existence and Qualifications. Maintain and preserve in full force and effect its existence and good standing and all other rights, powers, franchises, licenses and qualifications necessary or desirable for its ownership or use of properties or the conduct of its business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Loral Space & Communications Inc.), Revolving Loan and Security Agreement (Measurement Specialties Inc), Loan and Security Agreement (NQL Inc)

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Maintenance of Existence and Qualifications. Maintain and preserve in full force and effect its existence and good standing and all other rights, powers, franchises, licenses and qualifications necessary or desirable for its ownership or use of properties material to, or the conduct of of, its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)

Maintenance of Existence and Qualifications. Maintain and preserve in full force and effect its existence and good standing and all other rights, powers, franchises, licenses and qualifications (including proprietary rights) necessary or desirable for its ownership ownership, lease or use of properties assets or the conduct of its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Colony Rih Holdings Inc), Loan and Security Agreement (Resorts International Hotel & Casino Inc)

Maintenance of Existence and Qualifications. Maintain and preserve in full force and effect its existence and good standing and all other rights, powers, franchises, licenses and qualifications (including proprietary rights) necessary or desirable for its ownership ownership, lease or use of properties or the conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Intelligroup Inc)

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Maintenance of Existence and Qualifications. Maintain Maintain, keep and preserve in full force and effect its existence and good standing and all other rights, powers, franchises, licenses and qualifications (including proprietary rights) necessary or desirable for its ownership ownership, lease or use of properties or the conduct of its business.

Appears in 1 contract

Samples: Loan Agreement (Inmark Enterprises Inc)

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