Common use of Existence; Franchises Clause in Contracts

Existence; Franchises. The Borrower will, and will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve and keep in full force and effect its existence (except to the extent that to do so would result in any Restricted Subsidiary of the Borrower forgoing any right or power which, under applicable law, it may not forgo) and its material rights, franchises, licenses, permits, copyrights, trademarks and patents (if any) used in its business except where such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and patents would not reasonably be expected to have a Material Adverse Effect; provided, however, that nothing in this Section 9.04 shall prevent (i) sales or other dispositions of assets, consolidations, mergers, dissolutions or liquidations by or involving the Borrower or any of its Restricted Subsidiaries which are permitted in accordance with Section 10.02 or (ii) the withdrawal by the Borrower or any of its Restricted Subsidiaries of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, in any jurisdiction if such withdrawal would not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Existence; Franchises. The Borrower will, and the Borrower will cause each of its the Restricted Subsidiaries (and, in the case of clause (x), Holdings) to, (x) do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence (except to in the extent that to do so would result in any Restricted Subsidiary case of the Borrower forgoing any right or power whichBorrower, under applicable law, it may not forgoin a United States jurisdiction) and its material (y) take all reasonable action to maintain all rights, privileges, franchises, licenses, permits, copyrights, trademarks trademarks, trade names, and patents (if any) used necessary or desirable in the normal conduct of its business except where such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and patents would not reasonably be expected to have a Material Adverse Effectbusiness; provided, however, that nothing in this Section 9.04 5.04 shall prevent (i) sales or of assets and other dispositions of assets, consolidations, mergers, dissolutions or liquidations transactions by or involving the Borrower or any of its Restricted Subsidiaries which are permitted Subsidiary in accordance with Section 10.02 6.02, (ii) the discontinuation, abandonment or expiration of any right, franchise, license, permit, copyright, trademark or patent if such discontinuation, abandonment or expiration could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or (iiiii) the withdrawal by the Borrower or any of its Restricted Subsidiaries Subsidiary of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, Company in any jurisdiction if such withdrawal would could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Existence; Franchises. The Borrower Parent will, and will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve and keep in full force and effect its existence (except to the extent that to do so would result in any Restricted Subsidiary of the Borrower Parent forgoing any right or power which, under applicable law, it may not forgo) and its material rights, franchises, licenses, permits, copyrights, trademarks and patents (if any) used in its business except where failure to maintain such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and or patents would not reasonably be expected to have a Material Adverse Effect; provided, however, that nothing in this Section 9.04 shall prevent (i) sales or other dispositions of assets, consolidations, mergers, dissolutions or liquidations or other transactions by or involving the Borrower Parent or any of its Restricted Subsidiaries which are permitted in accordance with Section 10.02 or (ii) the withdrawal by the Borrower Parent or any of its Restricted Subsidiaries of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, in any jurisdiction if such withdrawal would not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Existence; Franchises. The Borrower Holdings will, and will cause each of its Restricted Subsidiaries to, do take or cause to be done taken, (A) all things actions necessary to preserve and keep in full force and effect its existence and (except B) all reasonable actions necessary to the extent that to do so would result in any Restricted Subsidiary of the Borrower forgoing any right or power which, under applicable law, it may not forgo) and maintain its material rights, franchises, licenses, permitsprivileges, copyrights, trademarks and patents (if any) used in its business except where such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and patents would not reasonably be expected to have a Material Adverse Effectpatents; provided, however, that nothing in this Section 9.04 shall prevent (i) prevent (x) sales or of assets and other dispositions of assets, consolidations, mergers, dissolutions or liquidations transactions by or involving the Borrower Holdings or any of its Restricted Subsidiaries which are permitted in accordance with Section 10.02 10.02, or (iiy) the withdrawal by the Borrower Holdings or any of its Restricted Subsidiaries of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, in any jurisdiction if such withdrawal would could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or (ii) require Holdings or any of its Subsidiaries to preserve or keep in full force and effect any franchises, privileges, copyrights, trademarks or patents if Holdings or such Subsidiary shall determine that the preservation or continued effectiveness thereof is no longer desirable in the conduct of the business of Holdings or such Subsidiary and that the loss thereof, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Existence; Franchises. The Borrower will, and the Borrower will cause each of its the Restricted Subsidiaries (and, in the case of clause (x), New Holdings and Holdings) to, (x) do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence (except to in the extent that to do so would result in any Restricted Subsidiary case of the Borrower forgoing any right or power whichBorrower, under applicable law, it may not forgoin a United States jurisdiction) and its material (y) take all reasonable action to maintain all rights, privileges, franchises, licenses, permits, copyrights, trademarks trademarks, trade names, and patents (if any) used necessary or desirable in the normal conduct of its business except where such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and patents would not reasonably be expected to have a Material Adverse Effectbusiness; provided, however, that nothing in this Section 9.04 ‎Section 5.04 shall prevent (i) sales or of assets and other dispositions of assets, consolidations, mergers, dissolutions or liquidations transactions by or involving the Borrower or any of its Restricted Subsidiaries which are permitted Subsidiary in accordance with Section 10.02 ‎Section 6.02, (ii) the discontinuation, abandonment or expiration of any right, franchise, license, permit, copyright, trademark or patent if such discontinuation, abandonment or expiration could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or (iiiii) the withdrawal by the Borrower or any of its Restricted Subsidiaries Subsidiary of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, Company in any jurisdiction if such withdrawal would could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Existence; Franchises. The Borrower will, and will cause each of its Restricted Subsidiaries to, do take or cause to be done taken, (A) all things actions necessary to preserve and keep in full force and effect its existence and (except B) all reasonable actions necessary to the extent that to do so would result in any Restricted Subsidiary of the Borrower forgoing any right or power whichmaintain its franchises, under applicable law, it may not forgo) and its material rights, franchises, licenses, permits, privileges, registered copyrights, trademarks registered trademarks, trademark applications, issued patents, patent applications and patents (if any) used in its business except where such existence or the loss of such rights, franchises, licenses, permits, copyrights, trademarks and patents would not reasonably be expected to have a Material Adverse Effectother Intellectual Property; provided, however, that nothing in this Section 9.04 shall prevent (i) prevent (x) sales or of assets and other dispositions of assets, consolidations, mergers, dissolutions or liquidations transactions by or involving the Borrower or any of its Restricted Subsidiaries which are permitted in accordance with this Agreement (including dispositions permitted by Section 10.02 10.02), or (iiy) the withdrawal by the Borrower or any of its Restricted Subsidiaries of its qualification as a foreign corporation, partnership or limited liability company, as the case may be, in any jurisdiction if such withdrawal would could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or (ii) require the maintenance of any franchises, rights, licenses, permits, privileges, registered copyrights, registered trademarks, trademark applications, issued patents, patent applications and other Intellectual Property to the extent that the failure to so maintain, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.