Common use of Corporate Existence; Maintenance of Properties Clause in Contracts

Corporate Existence; Maintenance of Properties. EqualNet covenants that it (i) will do or cause to be done all things reasonably necessary to preserve and keep in full force and effect the corporate existence and material rights of EqualNet and all of its Subsidiaries, (ii) will cause its properties and the properties of its Subsidiaries used or useful in the conduct of their respective businesses to be maintained and kept in good condition, repair and working order and will use commercially reasonable efforts to cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereto, and (iii) will, and will cause each of its Subsidiaries to, qualify and remain qualified to conduct business in each jurisdiction where the nature of the business or the ownership of property by EqualNet or such Subsidiary may require such qualification and where the failure to so qualify would have a Material Adverse Effect.