Maintain Existence, Good Standing, Properties Sample Clauses

Maintain Existence, Good Standing, Properties. The Borrower shall: (a) maintain its corporate existence and good standing under the law of the jurisdiction of its incorporation, and qualify and remain qualified to do business and in good standing as a foreign corporation in each other jurisdiction in which such qualification may be necessary, from time to time, in view of the character of the business or the ownership of the property and assets of the Borrower; (b) enforce and maintain in good standing all patents, copyrights, trademarks, service marks, mask works and similar property and all consents, licenses, franchises, privileges, permits and other rights as are necessary for the conduct of the business and the ownership of the property and assets of the Borrower; (c) comply with the provisions of its incorporation papers and by-laws and any securities issued by it, and all laws, rules, regulations, orders judgment and decrees, and all licenses, permits, indentures, agreements, leases and instruments, to which the Borrower is a party or by which it or any of its property or assets may be bound or affected the failure to comply with which would have a material adverse effect on the Borrower; (d) maintain all property, which is necessary to the proper conduct of the business of the Borrower, in good working order and condition, and make all necessary repairs thereto and replacements thereof; and (e) continue to be engaged principally in its business described in subsection 3.19.
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Related to Maintain Existence, Good Standing, Properties

  • Existence; Good Standing It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization or formation and has all requisite power and authority to own and operate its properties and to conduct its business, as conducted and planned to be conducted as of the date hereof.

  • Organization, Existence and Good Standing The Company is a corporation duly organized, validly existing and in good standing under the Laws of the state of Delaware. The Company has full corporate power and authority to own, lease and operate all of its properties and assets and to carry on the Business as presently conducted and is qualified as a foreign corporation and is duly qualified or authorized to do business as a foreign corporation and is in good standing under the Laws of all jurisdictions where the nature of the Business or the nature and location of its assets requires such qualification and where the failure to so qualify would have a Material Adverse Effect.

  • Legal Existence and Good Standing The Borrower shall, and shall cause each of its Subsidiaries to, maintain its legal existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

  • Existence and Good Standing The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, USA.

  • Corporate Existence; Maintenance of Properties (a) The Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises and those of its Subsidiaries and will not, and will not cause or permit any of its Subsidiaries to, convert to any other entity. (b) The Borrower (i) will cause all of its properties and those of its Subsidiaries used or useful in the conduct of its business or the business of its Subsidiaries to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, (ii) will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Borrower may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, and (iii) will, and will cause each of its Subsidiaries to, continue to engage primarily in the businesses now conducted by them; provided that nothing in this Section 8.6 shall prevent the Borrower from discontinuing the operation and maintenance of any of its properties or any of those of its Subsidiaries if such discontinuance is, in the judgment of the Borrower, desirable in the conduct of its or their business and that do not in the aggregate materially adversely affect the business of the Borrower and its Subsidiaries on a consolidated basis.