Common use of Maintenance of Existence and Management Clause in Contracts

Maintenance of Existence and Management. The Borrower shall, and shall cause each Subsidiary to maintain, (i) their respective corporate existences and carry on their respective businesses in substantially the same manner and in substantially the same fields as such business is now carried on and maintained, except as permitted by SECTIONS 5.04 and 5.05, (ii) their respective corporate charters, by-laws, partnership agreements, operating agreements and other similar documents and agreements relating to their legal existence and organization, and not permit any amendment or other modification thereto except for any amendment or modification that would not affect the Obligations or result in a Material Adverse Effect, and (iii) maintain executive management having sufficient skill and experience in the Borrower's and the Subsidiaries' industry to manage the Borrower and the Subsidiaries competently and efficiently.

Maintenance of Existence and Management. The Borrower Company shall, and shall cause each Subsidiary Subsidiary, to maintain, maintain (i) their respective corporate existences existence and carry on their respective businesses business in substantially the same manner and in substantially the same fields as such business is now carried on and maintained, except as permitted by SECTIONS 5.04 Sections 7.01 and 5.057.02, (ii) their respective corporate charters, by-laws, partnership agreements, operating agreements and other similar documents and agreements relating to their legal existence and organization, and not permit any amendment or other modification thereto except for any amendment or modification that would not affect the Obligations or result in a Material Adverse Effect, and (iii) maintain executive management having sufficient skill and experience in the BorrowerCompany's and the Subsidiaries' industry to manage the Borrower Company and the Subsidiaries competently and efficiently.

Maintenance of Existence and Management. The Borrower Borrowers shall, and shall cause each Subsidiary to maintain, (i) their respective corporate existences existence and carry on their respective businesses business in substantially the same manner and in substantially the same fields as such business is 60 67 now carried on and maintained, except as permitted by SECTIONS 5.04 and 5.05, (ii) their respective corporate charters, by-laws, partnership agreements, operating agreements and other similar documents and agreements relating to their legal existence and organization, and not permit any amendment or other modification thereto except for any amendment or modification that would not affect the Obligations or result in a Material Adverse Effect, and (iii) maintain executive management having sufficient skill and experience in the Borrower's Borrowers' and the Subsidiaries' industry to manage the Borrower Borrowers and the Subsidiaries competently and efficiently.