Maintenance of Existence and Qualifications. Each Loan Party will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure so to qualify will not have a Material Adverse Effect.
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Samples: Term Loan Agreement (Questar Corp), 364 Day Revolving Credit Agreement (Questar Corp), Assignment and Assumption (Questar Corp)
Maintenance of Existence and Qualifications. Each Except as would be permitted by Section 7.5, each Loan Party and its respective Subsidiaries will maintain and preserve its existence and its rights and franchises in full force and effect and will qualify to do business in all states or jurisdictions where required by applicable Law, except (other than in the case of its jurisdiction of incorporation or formation) where the failure so to qualify will would not have reasonably be expected to cause a Material Adverse EffectChange.
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