Common use of Maintenance of Existence, Properties and Liens Clause in Contracts

Maintenance of Existence, Properties and Liens. The Borrower will (i) continue to engage in its existing business operations and other business activities reasonably related to thereto; (ii) maintain its existence and good standing in each jurisdiction where the failure to qualify would have a Material Adverse Effect; (iii) keep and maintain all franchises, licenses and properties necessary in the conduct of its business in good order and condition, except to the extent the failure to do so could not reasonably be expected to cause a Material Adverse Effect; and (iv) duly observe and conform to all material requirements of any governmental authorities relative to the conduct of its business or the operation of its properties or assets, except to the extent the failure to do so could not reasonably be expected to cause a Material Adverse Effect.