Common use of Seller’s Existence Clause in Contracts

Seller’s Existence. Subject to Section 5.02, so long as any of the Securitized Utility Tariff Bonds are Outstanding, the Seller (i) will keep in full force and effect its existence and remain in good standing under the laws of the states of its organization, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or will be necessary to protect the validity and enforceability of this Agreement and each other Basic Document to which the Seller is a party necessary to the proper administration of this Agreement and the transactions contemplated hereby and (ii) will use commercially reasonable efforts to continue to operate its gas delivery system to provide service to its Customers.

Seller’s Existence. Subject to Section 5.02, so long as any of the Securitized Utility Tariff Bonds are Outstandingoutstanding, the Seller (i) will keep in full force and effect its existence and remain in good standing under the laws of the states state of its organization, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or will be necessary to protect the validity and enforceability of this Agreement and each other Basic Document instrument or agreement to which the Seller is a party necessary to the proper administration of this Agreement and the transactions contemplated hereby and (ii) will use commercially reasonable efforts to continue to operate its natural gas delivery system to provide service to its Customerscustomers.