Preservation of Corporate Status. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and to be duly qualified to do business as a foreign corporation and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable.
Preservation of Corporate Status. The Company shall maintain its status as a corporation or other entity duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation, and to be duly qualified to do business as a foreign entity and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary.
Preservation of Corporate Status. The Borrower shall, and shall cause each of its Significant Subsidiaries to, do, or cause to be done, all things necessary to preserve and keep in full force and effect its corporate existence and all permits, rights and privileges necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 5.04 shall prevent the withdrawal by the Borrower or any of its Significant Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not reasonably be expected to have a Material Adverse Effect; and PROVIDED FURTHER, that nothing in this Section 5.04 shall prevent the Borrower or any of its Significant Subsidiaries from failing to maintain or terminating any right, privilege or permit, if such failure or termination, is not in violation of or will not cause an Event of Default under, any provision of this Agreement and does not have a Material Adverse Effect.
Preservation of Corporate Status. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain its status as a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and to be duly qualified to do business as a foreign corporation and in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable; provided, however, that a Subsidiary of a Loan Party (other than another Loan Party) may merge out of existence, liquidate, wind-up or dissolve if such merger, liquidation, winding-up or dissolution would not be disadvantageous, in any material respect, to a Loan Party and its Subsidiaries taken as a whole (as determined in good faith by the Guarantor) and will not adversely affect the Lender (as reasonably determined by the Lender).
Preservation of Corporate Status. The Borrower shall, and shall cause each of its Subsidiaries to, maintain its status as a Corporation duly organized, validly existing and, to the extent applicable, in good standing under the laws of its jurisdiction of organization, except for Permitted Mergers. The Borrower shall, and shall cause each of its Subsidiaries to, at all times be duly qualified to do business as a foreign Corporation and, to the extent applicable, in good standing in all jurisdictions in which the ownership of its properties or the nature of its business or both make such qualification necessary or advisable, except for matters that, individually or in the aggregate, do not, and would not be likely to, have a Material Adverse Effect.
Preservation of Corporate Status. The Company shall, and shall cause each other Credit Party and each of the Company's other Significant Subsidiaries to, do, or cause to be done, all things necessary to preserve and keep in full force and effect its corporate existence and all permits, rights and privileges necessary for the proper conduct of its business; PROVIDED, HOWEVER, that nothing in this Section 5.04 shall prevent the withdrawal by the Company, any other Credit Party or any of the Company's other Significant Subsidiaries of its qualification as a foreign corporation in any jurisdiction where such withdrawal could not reasonably be expected to have a Material Adverse Effect; and PROVIDED FURTHER that nothing in this Section 5.04 shall prevent the Company, any other Credit Party or any of the Company's other Significant Subsidiaries from (i) failing to maintain or terminating any right, privilege or permit, if such failure or termination, is not in violation of or will not cause an Event of Default under, any provision of this Agreement and does not have a Material Adverse Effect or (ii) selling any such Person in an Asset Sale or consummating a merger or liquidation, in each case, otherwise permitted under this Agreement
Preservation of Corporate Status. 42 Section 5.05. Governmental Approvals and Filings.......................... 42 Section 5.06. Maintenance of Properties................................... 42 Section 5.07. Avoidance of Other Conflicts................................ 42 Section 5.08. Financial Accounting Practices.............................. 43 Section 5.09. Use of Proceeds............................................. 43 Section 5.10. Continuation of or Change in Business....................... 43 Section 5.11. Consolidated Tax Return..................................... 43 Section 5.12. Fiscal Year................................................. 43 Section 5.13. ERISA....................................................... 43 Section 5.14. Ratings..................................................... 43 Section 5.15.
Preservation of Corporate Status. Borrower shall, and shall cause each of the Subsidiaries to, maintain its status as a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and to be duly qualified to do business as a foreign corporation and in good standing in all jurisdictions in which the ownership of its material properties or the nature of its material businesses or both make such qualification necessary or advisable.
Preservation of Corporate Status. (a) The Borrower will, and will cause each member of the CHI Reporting Group to, preserve and maintain its corporate existence, rights, franchises and privileges in the jurisdiction of its incorporation and remain qualified in each other jurisdiction in which the failure to preserve and maintain the same or remain so qualified could have a Material Adverse Effect; provided, however, that nothing contained in this Section 5.04(a) shall prevent any merger or consolidation permitted under the Capital Obligation Document and Section 5.17 hereof.
Preservation of Corporate Status. 21 6.3 NO DIVIDENDS OR DISTRIBUTIONS....................... 21 6.4
