Common use of Corporate Existence; Franchises; Maintenance of Properties Clause in Contracts

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 7. 1. The Borrower will, and will cause each of its Subsidiaries to, (iia) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iiib) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 8.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its businessbusiness (including the FCC Licenses), except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower and the Guarantors will, and PXRE Group will cause each of its Significant Material Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by SECTION 7.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Sections 7.1 or 7.4, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities governmental or regulatory authorities or agencies and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 7.1. The Borrower will, and will cause each of its Subsidiaries to, (iia) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iiib) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The ---------------------------------------------------------- Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 8.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its businessbusiness (including the FCC Licenses), except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The ---------------------------------------------------------- Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 7.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The ---------------------------------------------------------- Borrower will, and will cause each of its Significant Subsidiaries to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by SECTION 7.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.

Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Significant Subsidiaries (other than Immaterial Subsidiaries) to, (i) except as permitted by Section 7.1, maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 8.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations (including, without limitation, Licenses) required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties materially useful to its business in good working order and condition (normal wear and tear excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced.