Common use of Good Standing and Government Compliance Clause in Contracts

Good Standing and Government Compliance. Borrower shall maintain in good standing its and each of its Subsidiaries’ corporate existence in its jurisdiction of incorporation and maintain qualification in each jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified could not reasonably be expected to have a Material Adverse Effect. Borrower shall meet, and shall cause each Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA. Borrower shall comply, and shall cause each Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which could have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank’s security interest in the Collateral.

Good Standing and Government Compliance. Borrower shall maintain in good standing its and each of its Subsidiaries’ ' corporate existence in its jurisdiction of incorporation and maintain qualification in each jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified could not qualify would reasonably be expected to have a Material Adverse Effect, and shall deliver to Bank Borrower's organization number issued in connection with Borrower's incorporation. Borrower shall meet, and shall cause each Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA. Borrower shall comply, and shall cause each Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which could would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank’s security interest in 's Lien on the Collateral.

Good Standing and Government Compliance. Borrower shall maintain in good standing its and each of its Subsidiaries’ corporate existence in its jurisdiction of incorporation and maintain qualification in each jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified qualify could not reasonably be expected to have a Material Adverse Effect. Borrower shall meet, and shall cause each Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA, except where the failure to meet such requirements would not reasonably be expected to have a Material Adverse Effect. Borrower shall comply, and shall cause each Subsidiary to comply, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which could would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank’s security interest in Lien on the Collateral.

Good Standing and Government Compliance. Except as otherwise provided in Section 7.2, Borrower shall maintain in good standing its and each of its Subsidiaries’ ' corporate existence in its jurisdiction of incorporation and maintain qualification in each jurisdiction in which the conduct of its business or its ownership of property requires that it be so qualified, except where the failure to be so qualified qualify could not reasonably be expected to have a Material Adverse Effect. Borrower shall meet, and shall cause each Subsidiary to meet, the minimum funding requirements of ERISA with respect to any employee benefit plans subject to ERISA. Borrower shall comply, and shall cause each Subsidiary to comply, in all material respects, with all statutes, laws, ordinances and government rules and regulations to which it is subject, and shall maintain, and shall cause each of its Subsidiaries to maintain, in force all licenses, approvals and agreements, the loss of which or failure to comply with which could have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank’s security interest in 's Lien on the Collateral.