Common use of Legal Existence of Subsidiaries Clause in Contracts

Legal Existence of Subsidiaries. Cause each Subsidiary of the Borrower to maintain its status as a real estate investment trust, business trust, corporation, limited liability company or partnership, as the case may be, in good standing in its state of formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse Effect; provided, that Borrower may cause any Subsidiary (other than a Subsidiary Guarantor, except as allowed by Section 8.2) to be liquidated or dissolved.

Legal Existence of Subsidiaries. Cause each Subsidiary of the Borrower to maintain its status as a real estate investment trust, business trust, corporation, limited liability company or partnership, as the case may be, in good standing in its state of formation and in each other jurisdiction in which the failure so to do either (i) would result in the occurrence of a Default, or (ii) could reasonably be expected to have a Material Adverse Effect; provided, that Borrower may cause any Subsidiary (other than a Subsidiary Guarantor, except as allowed by Section 8.2) to be liquidated or dissolved.

Legal Existence of Subsidiaries. Cause each Subsidiary of the Borrower to maintain its status as a real estate investment trust, business trust, corporation, limited liability company or partnership, as the case may be, in good standing in its state of formation and in each other jurisdiction in which the failure so to do could reasonably be expected to have a Material Adverse Effect; provided, that Borrower may cause any Subsidiary (other than a Subsidiary GuarantorGuarantor or a Restricted Subsidiary, except as allowed by Section 8.2) to be liquidated or dissolved.

Legal Existence of Subsidiaries. Cause each Subsidiary of the Borrower to (i) maintain its status as a real estate investment trust, business trust, corporation, limited liability company or partnership, as the case may be, and (ii) be in good standing in its state of formation and in each other jurisdiction in which the failure so to do either (x) would result in the occurrence of a Default, or (y) could reasonably be expected to have a Material Adverse Effect; provided, that Borrower may cause any Subsidiary (other than a Subsidiary Guarantor, except as allowed by Section 8.2) to be liquidated or dissolved.