Common use of Borrower Existence Clause in Contracts

Borrower Existence. (a) The Borrower shall at all times (1) preserve and maintain its existence and good standing in the jurisdiction of its organization; (2) preserve and maintain its qualification to do business and good standing in each jurisdiction where the nature of its business makes such qualification necessary (other than such jurisdictions in which the failure to be qualified or in good standing could not reasonably be expected to have a material adverse effect on the Borrower); and (3) continue as a going concern in the business which the Borrower is presently conducting. (b) The Borrower shall not (1) engage in any line of business other than the businesses engaged in on the date of this agreement and businesses reasonably related thereto; (2) change its name, its type of organization, its jurisdiction of organization, or other legal structure; or (3) permit any of its organizational documents to be amended or modified in any way that could reasonably be expected to have a material adverse effect on the Lender.

Borrower Existence. (a) The Borrower shall at all times (1) preserve and maintain its existence and good standing in the jurisdiction of its organization; (2) preserve and maintain its qualification to do business and good standing in each jurisdiction where the nature of its business makes such qualification necessary (other than such jurisdictions in which the failure to be qualified or in good standing could not reasonably be expected to have a material adverse effect on the Borrower); and (3) continue as a going concern in the business which the Borrower is presently conducting. (b) The Borrower shall not (14) engage in any line of business other than the businesses engaged in on the date of this agreement and businesses reasonably related thereto; (25) change its name, its type of organization, its jurisdiction of organization, or other legal structure; or (36) permit any of its organizational documents to be amended or modified in any way that could reasonably be expected to have a material adverse effect on the Lender.