Common use of PRESERVE EXISTENCE Clause in Contracts

PRESERVE EXISTENCE. Borrower shall preserve and maintain its name, existence ------------------- and good standing in the jurisdiction of its organization and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required.

Appears in 1 contract

Sources: Loan and Security Agreement (Litchfield Financial Corp /Ma)

PRESERVE EXISTENCE. The Borrower shall preserve and maintain its name, existence ------------------- and good standing in the jurisdiction of its organization and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required.

Appears in 1 contract

Sources: Loan and Security Agreement (Silverleaf Resorts Inc)