Common use of Maintenance of Existence; Fundamental Changes Clause in Contracts

Maintenance of Existence; Fundamental Changes. Borrower covenants and agrees that it shall preserve and maintain its corporate existence, franchises and privileges in its jurisdiction of incorporation, and qualify and remain qualified as a foreign corporation in each jurisdiction where such qualification is necessary and the failure to be so qualified would materially adversely affect the business of Borrower.

Maintenance of Existence; Fundamental Changes. Each Borrower entity hereby covenants and agrees that it shall preserve and maintain its corporate existence, franchises and privileges in its jurisdiction of incorporation, and qualify and remain qualified as a foreign corporation in each jurisdiction where such qualification is necessary necessary, and the failure to be so qualified would materially adversely affect the business of Borrower.