Common use of Maintenance and Continuity of Business Clause in Contracts

Maintenance and Continuity of Business. (a) The Borrower shall, and shall cause each Subsidiary to, maintain its corporate existence in good standing under the laws of its state of organisation. The Borrower shall, and shall cause each Subsidiary to, qualify and remain qualified as a foreign corporation in each jurisdiction in which such qualification is necessary in view of its business, operations and properties, except to the extent that failure to so qualify could not reasonably be expected to have a Material Adverse Effect. (b) The Borrower shall, and shall cause each Subsidiary to, conduct its business in compliance with all applicable laws, except to the extent that failure to do so could not reasonably be expected to result in a Material Adverse Effect or otherwise have a material adverse effect on the interests of EBRD as a lender. (c) The Borrower shall, at all times, comply with all money laundering laws.