Common use of Corporate Existence and Status Clause in Contracts

Corporate Existence and Status. Borrower shall maintain its and its subsidiaries' and affiliates' corporate existence and remain in good standing under the laws of each jurisdiction where the Borrower and its subsidiaries or affiliates are duly qualified to conduct its business.

Corporate Existence and Status. Borrower shall maintain its and its subsidiaries' and affiliates' corporate existence and remain in good standing under the laws in its state of each jurisdiction where the Borrower incorporation and its subsidiaries or affiliates are duly qualified to qualification and good standing as a foreign corporation in all jurisdictions where such qualification is required under applicable law, and shall conduct its business in the manner in which it is now conducted subject only to changes in the ordinary course of business.