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 the Subject Business and other business activities reasonably related to thereto; (ii) maintain its existence and good standing in each jurisdiction in which it is required to be qualified; (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; (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; and (v) the Borrower will maintain in favor of the Lender a first perfected lien and security interest in the Collateral, subject only to Permitted Encumbrances and Designated Title Exceptions.

Maintenance of Existence, Properties and Liens. The Borrower will (i) continue to engage in the Subject Business and other business activities reasonably related to thereto; (ii) maintain its existence and good standing in each jurisdiction in which it is required to be qualified; (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; (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; and (v) the Borrower will maintain in favor of the Lender Agent for the ratable benefit of the Lenders a first perfected lien and security interest in the Collateral, subject only to Permitted Encumbrances and Designated Title Exceptions.

Maintenance of Existence, Properties and Liens. (a) The Borrower will shall (i) continue to engage in the Subject Business and other business activities reasonably related to thereto; , (ii) maintain its existence and good standing in each jurisdiction in which it is required to be qualified; , (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; , (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; , and (v) the Borrower will maintain in favor of the Lender Collateral Agent for the ratable benefit of the Secured Parties a first perfected lien and security interest in the Collateral, subject only to Permitted Encumbrances and Designated Title Exceptions.