Common use of Existence of Borrower Clause in Contracts

Existence of Borrower. If Borrower is a corporation or other form of entity, Borrower shall maintain its existence in good standing under the laws of the state in which it is organized and maintain its qualification as a foreign entity in good standing in each jurisdiction in which the nature of its business requires qualification as a foreign entity and where the failure to qualify would have a material adverse effect on Borrower's business.

Existence of Borrower. If Borrower is a corporation or other form of entity, Borrower shall maintain its existence in good standing under the laws of the state in which it is organized and maintain its qualification as a foreign entity in good standing in each jurisdiction in which the nature of its business requires qualification as a foreign entity and (except for such jurisdictions where the failure to so qualify would not reasonably be expected to have a material adverse effect on Borrower's businessthe ability of Borrower to perform its obligations under the Loan Documents or on the business of the Loan Parties (taken as a whole)).

Existence of Borrower. If Borrower is a corporation or other form of entity, Borrower shall maintain its existence in good standing under the laws of the state in which it is organized and maintain its qualification as a foreign entity in good standing in each jurisdiction in which the nature of its business requires qualification as a foreign entity and where the failure to qualify would have a material adverse effect on Borrower's businessMaterial Adverse Effect.

Existence of Borrower. If Borrower is a corporation or other form of entity, Borrower shall maintain its existence in good standing under the laws of the state in which it is organized and maintain its qualification as a foreign entity in good standing in each jurisdiction in which the nature of its business requires qualification as a foreign entity and (except for such jurisdictions where the failure to so qualify would not reasonably be expected to have a material adverse effect on Borrower's business’s business or the ability of Borrower to perform its obligations under the Loan Documents).