Common use of Maintenance of Status Clause in Contracts

Maintenance of Status. The Guarantor will maintain its separate corporate existence and remain in good standing under the laws of the Xxxxxxxx Islands.

Appears in 6 contracts

Samples: Master Agreement (EuroDry Ltd.), Guarantee (Seacastle Inc.), Britannia Bulk Holdings Inc

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Maintenance of Status. The Guarantor will maintain its separate corporate existence and remain in good standing under the laws of the Republic of the Xxxxxxxx Islands.

Appears in 5 contracts

Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC), Loan Agreement (EuroDry Ltd.)

Maintenance of Status. The Guarantor will maintain its separate corporate existence and remain in good standing under the laws of the Xxxxxxxx Islands.

Appears in 3 contracts

Samples: Box Ships Inc., Box Ships Inc., Box Ships Inc.

Maintenance of Status. The Guarantor will maintain its separate corporate existence as a corporation and remain in good standing under the laws of the Republic of the Xxxxxxxx Islands.

Appears in 3 contracts

Samples: United Maritime Corp, United Maritime Corp, United Maritime Corp

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Maintenance of Status. The Corporate Guarantor will maintain its separate corporate existence and remain in good standing under the laws of the Republic of the Xxxxxxxx Islands.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), DryShips Inc.

Maintenance of Status. The Guarantor will maintain its separate corporate existence and remain in good standing under the laws of the Xxxxxxxx The Mxxxxxxx Islands.

Appears in 1 contract

Samples: Pyxis Tankers Inc.

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