Common use of Borrower Existence Clause in Contracts

Borrower Existence. The Borrower shall at all times preserve and maintain (a) the existence and good standing of itself and each Restricted Subsidiary in the jurisdiction of such Person’s organization, and (b) a qualification to do business and good standing in each jurisdiction where the nature of such Person’s 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), and shall at all times continue as a going concern in the business which the Borrower or such Person is presently conducting. If the Borrower does not have an Organizational Identification Number and later obtains one, the Borrower shall promptly notify the Bank of such Organizational Identification Number.

Borrower Existence. The Borrower shall at all times preserve and maintain maintain, and shall cause each of its Subsidiaries to at all times preserve and maintain, (a) the its existence and good standing of itself and each Restricted Subsidiary in the jurisdiction of such Person’s its organization, and (b) a its qualification to do business and good standing in each jurisdiction where the nature of such Person’s 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), and shall at all times continue as a going concern in the business which the Borrower or such Person it is presently conducting. If the Borrower or any Subsidiary does not have an Organizational Identification Number and later obtains one, the Borrower shall promptly notify the Bank of such Organizational Identification Number.