Common use of Preservation of Existence and Similar Matters Clause in Contracts

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4, the Parent Guarantor and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (a) preserve and maintain its respective existence, (b) preserve and maintain its rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and (c) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except, in the case of clauses (a) (solely with respect to Subsidiaries other than Loan Parties and Non-Loan Party BB Property Subsidiaries), (b) and (c), where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4., the Parent Guarantor and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (ai) preserve and maintain its respective existence, (bii) preserve and maintain its rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and (ciii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except, in the case of clauses (ai) (solely with respect to Subsidiaries other than Loan Parties and Non-Loan Party BB Property SubsidiariesParties), (bii) and (ciii), where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4., the Parent Guarantor and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (ai) preserve and maintain its respective existence, (bii) preserve and maintain its rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and (ciii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except, in the case of clauses (ai) (solely with respect to Subsidiaries other than Loan Parties and Non-Loan Party BB Property Subsidiaries), (bii) and (ciii), where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4., the Parent Guarantor and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, to (ai) preserve and maintain its respective existence, (b) preserve and maintain its rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and (cii) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except, authorization except in the case of clauses (ai) (solely other than with respect to Subsidiaries the Borrower and any other than Loan Parties and Non-Loan Party BB Property Subsidiaries), (bParty) and (c), ii) where the failure to do preserve and maintain its respective existence, rights, franchises licenses and privileges or to be so authorized and qualified could not reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect.

Preservation of Existence and Similar Matters. Except as otherwise permitted under Section 10.4., the Parent Guarantor and the Borrower shall, and shall cause each other Loan Party and each other Subsidiary to, (a) preserve and maintain its respective existence, (b) preserve and maintain its rights, franchises, licenses and privileges in the jurisdiction of its incorporation or formation and (c) qualify and remain qualified and authorized to do business in each jurisdiction in which the character of its properties or the nature of its business requires such qualification and authorization, except, in the case of clauses (a) (solely with respect to Subsidiaries other than Loan Parties and Non-Loan Party BB Property Subsidiaries), (b) and (c), where the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.