Common use of Corporate Existence and Status Clause in Contracts

Corporate Existence and Status. Borrower shall maintain its corporate existence and good standing in its state of incorporation and its 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.

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