Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Preservation of Corporate Existence and Similar Matters. Borrower shall preserve and maintain its existence as a corporation or limited liability company, as the case may be, and qualify and remain qualified as a foreign entity authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization.
Preservation of Corporate Existence and Similar Matters. Lessee shall preserve and maintain the corporate existence of Lessee and all of Lessee’s rights, franchises, licenses and privileges in the jurisdiction of its incorporation or organization, as the case may be, and shall ensure that each entity comprising Lessee remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the character of its properties or the nature of its businesses requires such qualification or authorization.
Preservation of Corporate Existence and Similar Matters. Preserve and maintain, and cause each other Loan Party to preserve and maintain, its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the character of its properties or the nature of its businesses require such qualification or authorization, except to the extent that the failure to preserve any such rights, franchises, licenses and privileges could not reasonably be expected to result in a Material Adverse Effect, and except to the extent that any failure to preserve and maintain it corporate existence results from the merger of a Loan Party into another Loan Party permitted by Section 8.08.
Preservation of Corporate Existence and Similar Matters. (1) Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization, except where the failure to obtain or maintain such qualification or authorization would not have a Material Adverse Effect on such Borrower and its Subsidiaries as a whole provided, that, within one hundred eighty (180) days after the Effective Date, each of the Borrowers and Guarantors listed on Schedule 9.1 hereto shall be dissolved or merged with and into the respective owners of each such Borrower or Guarantor.
Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization, except where the failure to maintain such corporate existence, qualification or authorization would not, either singly or in the aggregate, have a Materially Adverse Effect, except that the existence of any such Subsidiary that is not a Borrower may be terminated (by dissolution, merger or any other means) upon the good faith determination of such Subsidiary's board of directors that such termination is in the best interest of the Subsidiary and its various constituencies and the taking of appropriate action by the shareholder(s) of such Subsidiary.
Preservation of Corporate Existence and Similar Matters. 88 SECTION 9.2.
Preservation of Corporate Existence and Similar Matters. Except as otherwise permitted hereunder with respect to any Subsidiary of the Borrower, preserve and maintain its corporate existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation and qualify and remain qualified as a foreign corporation and authorized to do business in each jurisdiction wherein the failure to be so qualified could reasonably be expected to have a Materially Adverse Effect.
Preservation of Corporate Existence and Similar Matters. .... 76 ------------------------------------------------------- Section 8.2 Compliance with Applicable Law................................. 76 ------------------------------ Section 8.3 Conduct of Business............................................ 77 ------------------- Section 8.4 Payment of Taxes and Claims.................................... 77 --------------------------- Section 8.5 Accounting Methods and Financial Records....................... 77 ---------------------------------------- Section 8.6 Use of Proceeds................................................ 77 --------------- Section 8.7 Hazardous Waste and Substances; Environmental Requirements..... 78 ---------------------------------------------------------- Section 8.8 Accuracy of Information........................................ 79 ----------------------- Section 8.9 Revisions or Updates to Schedules.............................. 79 --------------------------------- Section 8.10 Additional Subsidiaries and Pledge of Assets................... 79 -------------------------------------------- Section 8.11 Additional Real Estate and Leases.............................. 79 --------------------------------- Section 8.12
Preservation of Corporate Existence and Similar Matters. Preserve and maintain its corporate or other legal existence, rights, franchises, licenses and privileges in the jurisdiction of its incorporation or organization and qualify and, except to the extent its failure to do so could not reasonably be expected to have a Materially Adverse Effect, remain qualified as a foreign corporation or other entity and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification or authorization, PROVIDED, that each of Xxxxxxx Athletic, Inc. and Xxxxxxx Athletic West, Inc. may be dissolved, liquidated, wound up or merged into Xxxxxxx or another Loan Party pursuant to the applicable provisions of the laws of such Loan Party's state of incorporation. At the time of such dissolution, liquidation, winding up or merger, all of the assets of such Loan Party will be distributed to Xxxxxxx or another Loan Party.
