Common use of Corporate Existence and Conduct of Business Clause in Contracts

Corporate Existence and Conduct of Business. Each Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, corporate rights and franchises and will not convert to a limited liability company except as determined by such Borrower's Board of Directors in its reasonable discretion and only after taking all actions that the Administrative Agent deems necessary or desirable under applicable law to continue the perfection and preservation of the Administrative Agent's security interest in the Collateral and the effectiveness of this Credit Agreement and the other Loan Documents with respect to such Borrower; effect and maintain its foreign qualifications, licensing, domestication or authorization except as terminated by such Borrower's Board of Directors in the exercise of its reasonable judgment and except where the failure of a Borrower to remain so qualified would not materially adversely impair the financial condition of the Borrowers on a consolidated basis; use its reasonable best efforts to comply with all applicable laws; and shall not become obligated under any contract or binding arrangement which, at the time it was entered into would materially adversely impair the financial condition of the Borrowers on a consolidated basis. Each Borrower will continue to engage primarily in the businesses now conducted by it and in related businesses.

Corporate Existence and Conduct of Business. Each Except as permitted by ss.8.4.1, each Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate legal existence, corporate rights and franchises and will not convert to a limited liability company except as determined by such Borrower's Board of Directors in its reasonable discretion and only after taking all actions that the Administrative Agent deems reasonably necessary or desirable under applicable law to continue the perfection and preservation of the Administrative Agent's security interest in the Collateral and the effectiveness of this Credit Agreement and the other Loan Documents with respect to such Borrower; effect and maintain its foreign qualifications, licensing, domestication or authorization except as terminated by such Borrower's Board of Directors in the exercise of its reasonable judgment and except where the failure of a Borrower to remain so qualified would not materially adversely impair the financial condition of the Borrowers on a consolidated basis; use its reasonable best efforts to comply with all applicable laws, except where the failure to comply with such laws could not reasonably be expected to have a material adverse effect on the business or financial condition of the Borrowers on a consolidated basis; and shall not become obligated under any contract or binding arrangement which, at the time it was entered into would materially adversely impair the financial condition of the Borrowers on a consolidated basis. Each Borrower will continue to engage primarily in the businesses now conducted by it and in related businesses.

Corporate Existence and Conduct of Business. Each Borrower will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, corporate rights and franchises and will not convert to a limited liability company except as determined by such Borrower's Board of Directors in its reasonable discretion and only after taking all actions that the Administrative Agent deems necessary or desirable under applicable law to continue the perfection and preservation of the Administrative Agent's security interest in the Collateral and the effectiveness of this Credit Agreement and the other Loan Documents with respect to such Borrower; effect and maintain its foreign qualifications, licensing, domestication or authorization except as terminated by such Borrower's Board of Directors in the exercise of its reasonable judgment and except where the failure of a Borrower to remain so qualified would not materially adversely impair the financial condition of the Borrowers on a consolidated basis; use its reasonable best efforts to comply with all applicable laws; and shall not become obligated under any contract or binding arrangement which, at the time it was entered into would materially adversely impair the financial condition of the Borrowers on a consolidated basis. Each Borrower will continue to engage primarily in the businesses now conducted by it and in related businesses.