Common use of Maintain Corporate Existence Clause in Contracts

Maintain Corporate Existence. Borrower shall (and shall cause its Subsidiaries to) maintain its corporate existence, carry on and conduct its business in a proper and business-like manner, take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business and comply with all applicable Laws. Borrower shall also forthwith notify Lender in writing of the dissolution or wind-up of any existing Subsidiary or the creation of any new Subsidiary after the date hereof.

Maintain Corporate Existence. The Borrower shall (and shall cause its Subsidiaries to) maintain its corporate existence, carry on and conduct preserve its business in a proper and business-like manner, take all reasonable action to maintain all rights, powers, licenses and privileges and franchises which are necessary or desirable in material to the normal conduct of its business business, and comply with all applicable Laws. Borrower shall also forthwith notify Lender in writing not materially change the nature of the dissolution or wind-up of any existing Subsidiary or the creation of any new Subsidiary after the date hereof.its business;

Maintain Corporate Existence. The Borrower shall (and shall cause its Subsidiaries to) maintain its corporate existence, carry on and conduct its business in a proper and business-like manner, take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business and comply with all applicable Laws. The Borrower shall also forthwith notify the Lender in writing of the dissolution or wind-up of any existing Subsidiary or the creation of any new Subsidiary after the date hereof.