Common use of Existence and Identity Clause in Contracts

Existence and Identity. Borrower shall continue its business as presently conducted. Borrower shall neither change the legal format under which it is organized nor sell any material portion of its property or merge its business, in whole or in part, without the prior written consent of the Lender. Borrower shall give the Lender written notice within 15 days of any change in location of its chief executive office or any other place of business.

Existence and Identity. Borrower shall continue its business as presently conducted. Borrower shall neither change the legal format under which it is organized nor sell any material portion of its property or merge its business, in whole or in part, without the prior written consent of the Lender. Borrower shall give the Lender written notice within 15 days of any change in location of its chief executive office or any other place of business.. Borrower Initials: _/s/ LM__