Common use of Existence and Business Clause in Contracts

Existence and Business. Each Borrower shall (a) preserve and maintain its corporate existence and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required, (b) preserve and maintain in full force and effect all material rights, licenses, patents and franchises, (c) comply in all material respects with all valid and applicable statutes, rules and regulations necessary for the conduct of business, except to the extent that the provisions of the Bankruptcy Code specifically conflict therewith and would govern, and (d) engage only in the businesses which it is conducting on the date of this Agreement.

Existence and Business. Each The Borrower shall will (a) preserve and maintain its corporate existence and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required, (b) preserve and maintain in full force and effect all material rights, licenses, patents and franchises, (c) comply in all material respects with all valid and applicable statutes, rules and regulations necessary for the conduct of business, except to the extent that the provisions of the Bankruptcy Code specifically conflict therewith and would govern, and (d) engage only in the businesses which it is conducting on the date of this AgreementAgreement - namely, as a holding company holding partnership interests and stock of its Subsidiaries.

Existence and Business. Each The Borrower shall will (a) preserve and maintain its corporate existence and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required, (b) preserve and maintain in full force and effect all material rights, licenses, patents and franchises, (c) comply in all material respects with all valid and applicable statutes, rules and regulations necessary for the conduct of business, except to the extent that the provisions of the Bankruptcy Code specifically conflict therewith and would govern, and (d) engage only in the businesses which it is conducting on the date of this AgreementAgreement ? namely, as a holding company holding partnership interests and stock of its Subsidiaries.

Existence and Business. Each The Borrower shall will (a) preserve and maintain its corporate existence and qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is required, (b) preserve and maintain in full force and effect all material rights, licenses, patents and franchises, (c) comply in all material respects with all valid and applicable statutes, rules and regulations necessary for the conduct of business, except to the extent that the provisions of the Bankruptcy Code specifically conflict therewith and would govern, and (d) engage only in the businesses which it is conducting on the date of this Agreement.