Common use of Preservation of Existence and Franchises Clause in Contracts

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.4, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 6 contracts

Samples: Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)

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Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 2 contracts

Samples: Credit Agreement (Apria Healthcare Group Inc), Credit Agreement (Westpoint Stevens Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger merger, or disposition of a Subsidiary permitted under Section 8.47.4 or Section 7.5, the Borrower Borrowers and the Guarantors will, and will cause each of its their respective Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, existence and all material rights, franchises franchises, and authority.

Appears in 2 contracts

Samples: Credit Agreement (Friedmans Inc), Credit Agreement (Friedmans Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.47.4 or Section 7.5, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, and, where failure to do so could reasonably be expected to have a Material Adverse Effect, its rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Longview Fibre Co)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger merger, or disposition of a Subsidiary permitted under Section 8.48.4 or Section 8.5, the Borrower Borrowers and the Guarantors will, and will cause each of its their respective Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, existence and all material rights, franchises franchises, and authority.

Appears in 1 contract

Samples: Credit Agreement (Friedmans Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.5 or 8.6, the Borrower Company will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Millipore Corp /Ma)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under by Section 8.47.4, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Airgas Inc)

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Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.48.05 or 8.06, the Borrower Company will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Millipore Corp /Ma)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under not prohibited by Section 8.4, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its and its Subsidiaries’ existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Immucor Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.4, the The Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority, except (a) as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted by Section 8.4(a), Section 8.4(b) or Section 8.4(c) or (b) as would not, in the reasonable opinion of the Agent, result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Riscorp Inc)

Preservation of Existence and Franchises. Except as a result of or in connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 8.47.4 or Section 7.5, the Borrower will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and authority.

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

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