Common use of Maintenance of Licenses, Etc Clause in Contracts

Maintenance of Licenses, Etc. The Borrower and its Subsidiaries shall maintain in full force and effect all licenses, franchises, permits and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same could reasonably be expected to constitute a Material Adverse Change.

Maintenance of Licenses, Etc. The Borrower shall, and shall cause each of its Material Subsidiaries shall to, maintain in full force and effect all licenses, franchises, permits permits, rights, and other authorizations necessary for the ownership and operation of its properties and business if the failure so to maintain the same could reasonably be expected to would constitute a Material Adverse Change.