Common use of Maintain Existence and Statuses; Conduct of Business Clause in Contracts

Maintain Existence and Statuses; Conduct of Business. The Company and the Parent will each preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business except where the failure to maintain such rights, privileges, licenses or franchises would not have a material adverse effect on any of the Central Elements in respect of the Company or the Parent, and conduct the business of the Company in an orderly and efficient manner and remain in the residential mortgage business as its principal and core business.

Maintain Existence and Statuses; Conduct of Business. The Company and the Parent will each preserve Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business except where the failure to maintain such rights, privileges, licenses or franchises would not have a material adverse effect on any of the Central Elements in respect of the Company or the ParentCompany, and conduct the business of the Company in an orderly and efficient manner and remain in the residential mortgage business as its principal and core business.

Maintain Existence and Statuses; Conduct of Business. The Company and the Parent will each preserve Preserve and maintain its corporate existence in good standing and all of its rights, privileges, licenses and franchises necessary or desirable in the normal conduct of its business except where the failure to maintain such rights, privileges, licenses or franchises would not have a material adverse effect on any of the Central Elements in respect of the Company or the ParentBorrowers and their consolidated Subsidiaries, taken as a whole, and conduct the business of the Company in an orderly and efficient manner and remain Borrowers will continue in the residential mortgage lending business as its principal and core business.