Common use of Existence and Compliance Clause in Contracts

Existence and Compliance. Maintain its existence, good standing and qualification to do business, where required and the failure to be so qualified will have a Material Adverse Effect on Borrower and comply with all laws, regulations and governmental requirements including, without limitation, environmental laws applicable to it or to any of its property, business operations and transactions, where the failure to comply will have a Material Adverse Effect on Borrower.