Common use of Corporate Existence and Tax-Exempt Status Clause in Contracts

Corporate Existence and Tax-Exempt Status. Except as otherwise expressly provided in this Loan Agreement or the Master Indenture, the Corporation shall (a) preserve and keep in full force and effect its corporate or other separate legal existence, (b) remain qualified to do business and conduct its affairs in each jurisdiction where ownership of its property or the conduct of its business or affairs requires such qualification, and (c) maintain its status as a Tax-Exempt Organization and as a or “health institution” or an “educational institution” under the Act.

Corporate Existence and Tax-Exempt Status. Except as otherwise expressly provided in this Loan Agreement or the Master IndentureAgreement, the Corporation shall (a) preserve and keep in full force and effect its corporate or other separate legal existence, (b) remain qualified to do business and conduct its affairs in each jurisdiction where ownership of its property Property or the conduct of its business or affairs requires such qualification, and (c) maintain its status as a Tax-Exempt Organization and as a or “health institution” or an “educational institution” under the ActOrganization.

Corporate Existence and Tax-Exempt Status. Except as otherwise expressly provided in this Loan Agreement or the Master IndentureAgreement, the Corporation shall (a) preserve and keep in full force and effect its corporate or other separate legal existence, (b) remain qualified to do business and conduct its affairs in each jurisdiction where ownership of its property or the conduct of its business or affairs requires such qualification, and (c) maintain its status as a Tax-Exempt Organization and (d) operation the Project as a or “health institution” or an “educational institutionproject” under the Act.