Business Existence. Borrower has the form of business organization, and is and will remain duly organized and validly existing in good standing under the laws of the jurisdiction, specified below the signature of Borrower; and is duly qualified and authorized to transact business and is in good standing wherever necessary to perform its obligations under the Loan Documents, including each jurisdiction in which the Collateral is to be located.
Business Existence. Neither Borrower nor any of its wholly Owned Subsidiaries nor any Subpartnership shall engage to any substantial extent in any line or lines of business other than the businesses of owing, managing, leasing and operating regional malls and retail strip shopping centers and other related businesses to the extent incidental to the conduct of any of the foregoing businesses. Except as otherwise expressly permitted by the terms of this Agreement, Borrower shall, and shall cause each of its Wholly Owned Subsidiaries and each Subpartnership to, preserve and keep in full force and effect its existence, rights, franchises and trade names.
Business Existence. Each of the Guarantors is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its organization and in good standing and qualified to do business in each jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification and where a failure to be qualified could reasonably be expected to cause a Material Adverse Change.
Business Existence. Trustor shall do all things necessary to preserve ------------------ and keep in full force and effect its rights and privileges to do business and to conduct its business in the State of California, and shall comply with all regulations, rules, ordinances, statutes, orders and decrees of any governmental authority or court applicable to the Trustor.
Business Existence. Lender has and will keep and cause to be kept in full force and effect and in good standing, remained properly organized under the laws of the State, and all possess all rights, licenses, leases, and franchises reasonably necessary to conduct the business of the Lender. The Lender shall (i) give the MSF written notice of any change in its name, its state organizational identification number, if it has one, its type of organization, its jurisdiction of organization, and (ii) not make any change in its legal structure that would, as a matter of law, affect its surviving obligations under this Agreement, without the prior written consent of the MSF. The obligations and limitations set forth in the second sentence of this sub-section shall survive indefinitely.
Business Existence. Borrower is a corporation, and is and will remain duly organized and validly existing in good standing under the laws of the State of Delaware. Borrower is duly qualified to do business and in good standing in all jurisdictions where legally required in order to carry on its business and wherever necessary to perform its obligations under this Agreement and the other Loan Documents to which it is a party, including each jurisdiction in which the Collateral is to be located. Borrower (i) has all requisite power and authority to (x) own or lease its assets and carry on its business and (y) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (iii) is in compliance with all material laws and (iii) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted,
Business Existence. That Seller is lawfully and duly qualified and authorized to carry on the business heretofore and now conducted by them within the State of Texas.
Business Existence. JV is and will remain duly organized and validly existing in good standing under the laws of the jurisdiction specified below the signature of JV; and is duly qualified and authorized to transact business and is in good standing wherever necessary to perform its obligations under this Agreement, including each jurisdiction in which the Collateral is to be located.
Business Existence. Neither Borrower nor any Guarantor nor any Property Owner shall engage (or, with respect to any Property where Borrower does not control the Property Owner, Borrower shall use its reasonable efforts to cause the Property Owner not to engage) to any substantial extent in any line or lines of business other than the businesses of owing, managing, leasing and operating regional malls and retail strip shopping centers and other related businesses to the extent incidental to the conduct of any of the foregoing businesses. Except as otherwise expressly permitted by the terms of this Agreement, Borrower shall, and shall cause each Guarantor and each Property Owner (or, with respect to any Property Owner not controlled by Borrower, use its reasonable efforts to cause such Property Owner) to, preserve and keep in full force and effect its existence, rights, franchises and trade names.
