Common use of Limited Liability Company Existence Clause in Contracts

Limited Liability Company Existence. Subject to Section 6.04, during the term of this Agreement, the Depositor will keep in full force and effect its existence, rights and franchises as a limited liability company under the laws of the jurisdiction of its organization and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions contemplated hereby; provided that nothing herein shall prohibit the Depositor from converting into another form of entity provided that it complies with this Section 6.02 in all other respects except as to form. In addition, all transactions and dealings between the Depositor and its Affiliates will be conducted on an arm's-length basis.