Common use of Maintenance of Licenses and Other Agreements Clause in Contracts

Maintenance of Licenses and Other Agreements. Maintain in full force and effect at all times (subject to any modification in the ordinary of business which could not reasonably be expected to have a Material Adverse Effect), and apply in a timely manner for renewal of, all Licenses, trademarks, trade names and agreements necessary for the operation of its Paging Business, the loss of any of which could have a Material Adverse Effect, and deliver to Agent (i) prompt notice of the proposed amendment or modification of any of such Licenses, trademarks, tradenames or agreements which could reasonably be expected to have a Material Adverse Effect and (ii) (A) evidence of the filing of any application for renewal of any such Licenses not later than the last day such application may be filed in accordance with applicable law and (B) copies of any petition filed to deny any such renewal application promptly after receipt thereof by Borrower.