Common use of Preservation of Existence and Franchises Clause in Contracts

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Abacoa Homes Inc), Credit Agreement (Pulte Corp)

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Preservation of Existence and Franchises. Except as permitted by Section 8.47.04, each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Pultegroup Inc/Mi/), Credit Agreement (Pultegroup Inc/Mi/), Credit Agreement (Pultegroup Inc/Mi/)

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, unless authority except as permitted under Section 8.3 or where failure to preserve and keep in full force and effect its authority do so would not have or could not reasonably be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Promus Hotel Corp), Credit Agreement (Promus Hotel Corp)

Preservation of Existence and Franchises. Except as permitted by Section 8.46.4, each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effectexcept as permitted by Section 9.4.

Appears in 1 contract

Samples: Credit Agreement (Wesco International Inc)

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, except as otherwise permitted by Section 8.4 or Section 8.5, unless the failure to preserve and keep in full force and effect its authority do so would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gorges Quik to Fix Foods Inc)

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will, and will cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authorityauthority except as permitted by Section 8.4 or Section 8.5 or unless any such Person determines that any such rights, franchises or authority is no longer necessary to the conduct of its business or unless the failure to preserve and keep in full force and effect its any such right, franchise and authority would not have or could would not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

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Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have except as permitted by Sections 8.4 or could not be reasonably expected to have a Material Adverse Effect8.5.

Appears in 1 contract

Samples: Credit Agreement (Fruit of the Loom Inc /De/)

Preservation of Existence and Franchises. Except as permitted by Section 8.4, each Each of the Credit Parties will do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effectexcept as permitted by SECTION 6.02(D).

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Preservation of Existence and Franchises. Except as otherwise permitted by Section 8.4, each Credit Party will, and will cause each of the Credit Parties will its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its (a) existence, rights and rights, franchises and (b) authority, unless failure to preserve and keep in full force and effect its authority would not have or could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

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