Common use of Conduct of Business; Ownership Clause in Contracts

Conduct of Business; Ownership. Each of the SPV and the Servicer shall continue to engage in business of the same general types as now conducted by them (including businesses reasonably related or incidental thereto) as it is presently conducted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. Each of the SPV and the Servicer shall do all things necessary to remain duly organized, validly existing and in good standing in its jurisdiction of formation and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. The SPV shall at all times be a wholly-owned direct or indirect Subsidiary of Colliers.

Conduct of Business; Ownership. Each of the SPV and the Servicer shall, and the Servicer shall continue to engage cause each of its Subsidiaries to, carry on and conduct its business in business of substantially the same general types as now conducted by them (including businesses reasonably related or incidental thereto) manner and in substantially the same fields of enterprise as it is presently conducted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. Each of the SPV conducted and the Servicer shall do all things necessary to remain duly organized, validly existing and in good standing as a domestic corporation in its jurisdiction of formation incorporation and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except with respect to the Servicer and each of its Subsidiaries only, where the failure to do so would comply is reasonably likely not reasonably be expected to have a Material Adverse Effect. The SPV shall at all times be a wholly-owned direct or indirect Subsidiary of ColliersNSC.

Conduct of Business; Ownership. Each of the SPV and the Servicer shall continue to engage carry on and conduct its business in business of substantially the same general types as now conducted by them (including businesses reasonably related or incidental thereto) manner and in substantially the same fields of enterprise as it is presently conducted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. Each of the SPV conducted and the Servicer shall do all things necessary to remain duly organized, validly existing and in good standing as a domestic limited liability company in its jurisdiction of formation and organization. The SPV shall maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except . The Servicer shall maintain all requisite authority to conduct its business in each jurisdiction where the failure to do so maintain such authority would not reasonably be expected to have a Material Adverse EffectEffect with respect to the Servicer. The SPV shall at all times be a wholly-owned direct or indirect Subsidiary of Colliersthe Seller.