Qualify to Transact Business. Borrower shall qualify to transact business as a foreign corporation in each jurisdiction where the nature or extent of its business or the ownership of its property requires it to be so qualified or authorized and where failure to qualify or be authorized would have a Material Adverse Effect.
Appears in 9 contracts
Samples: Loan and Security Agreement (Vidamed Inc), Security Agreement (Bei Medical Systems Co Inc /De/), Loan and Security Agreement (Accumed International Inc)
Qualify to Transact Business. The Borrower shall, and shall cause each of its Subsidiaries to, qualify to transact business as a foreign corporation corporation, limited partnership or limited liability company, as the case may be, in each jurisdiction where the nature or extent of its business or the ownership of its property requires it to be so qualified or authorized and where failure to qualify or be authorized would could reasonably be expected to have a Material Adverse Effect.
Appears in 8 contracts
Samples: Loan and Security Agreement (Hooper Holmes Inc), Loan and Security Agreement (Westpoint International Inc), Loan and Security Agreement (Icahn Enterprises L.P.)
Qualify to Transact Business. Borrower shall qualify to transact ---------------------------- business as a foreign corporation in each jurisdiction where the nature or extent of its business or the ownership of its property requires it to be so qualified or authorized and where failure to qualify or be authorized would have a Material Adverse Effect.
Appears in 5 contracts
Samples: Security Agreement, Loan and Security Agreement (Odetics Inc), Loan and Security Agreement (Tut Systems Inc)
Qualify to Transact Business. Each Borrower shall, and shall cause each Designated Affiliate to, qualify to transact business as a foreign corporation in each jurisdiction where the nature or extent of its business or the ownership of its property requires it to be so qualified or authorized and where failure to qualify or be authorized would could reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Loan and Security Agreement (Grant Prideco Inc), Loan and Security Agreement (Grant Prideco Inc)
Qualify to Transact Business. Borrower shall qualify to corporation in ---------------------------- each jurisdiction transact business as a foreign corporation in each jurisdiction where the nature or extent of its business or the ownership of its property Property requires it to be so qualified or authorized and where failure to qualify or be authorized would have a Material Adverse Effect.
Appears in 1 contract
Qualify to Transact Business. The Borrower shall, and shall cause each of its Subsidiaries to, qualify to transact business as a foreign corporation in each jurisdiction where the nature or extent of its business or the ownership of its property requires it to be so qualified or authorized and where failure to qualify or could reasonably be authorized would expected to have a Material Adverse EffectEffect or could affect the ability of the Lender to enforce any of the Loan Documents or collect any of the Obligations.
Appears in 1 contract
Qualify to Transact Business. Borrower shall qualify to transact ------------------------------- business as a foreign corporation in each jurisdiction jurisdic-tion where the nature or extent of its business or the ownership owner-ship of its property requires it to be so qualified or authorized autho-rized and where failure to qualify or be authorized would have a Material Adverse Effect.
Appears in 1 contract
