Common use of Continuing Business Clause in Contracts

Continuing Business. Except to the extent failure to do so will not have a Material Adverse Effect, each Borrower shall maintain and continue its present businesses and maintain its corporate, company or partnership (as applicable) existence in good standing, shall preserve and keep in full force and effect any franchise rights and trade names, and shall pay, before the same become delinquent and before penalties accrue thereon, all taxes, assessments, and other governmental charges against such Borrower or their property, and any and all other liabilities, except to the extent, and so long as the same are being contested in good faith by appropriate proceedings, with adequate reserves provided for such payments.