Common use of Maintenance of Existence, Qualification and Assets Clause in Contracts

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (a) maintain its legal existence in current active status, (b) maintain its qualifications to transact business and good standing in the State of Delaware and in any jurisdiction where it conducts business, and (c) comply or cause compliance with all Applicable Laws except where the failure to comply would not result in a Material Adverse Effect.

Maintenance of Existence, Qualification and Assets. Borrower shall at all times (ai) maintain its legal existence in current active status, existence; (bii) maintain its qualifications qualification, where required, to transact business and good standing in the State States of Delaware and New York and in any other jurisdiction where in which it conducts business, ; and (ciii) comply or cause its compliance with all Applicable Laws except where the failure to comply would not result in a Material Adverse EffectLaws.