Common use of Existence and Qualifications Clause in Contracts

Existence and Qualifications. Maintain its corporate existence; keep proper books of account and record; maintain its qualification to carry on business in all jurisdictions where it carries on business and where the absence of such qualification would have a Material Adverse Effect; and operate its business and Property in accordance with sound business practice and in substantial compliance with Applicable Law (including Environmental Law) and all Material Contracts.

Existence and Qualifications. Maintain its corporate existence; keep maintain proper books of account and record; maintain its qualification to carry on business in all jurisdictions where it carries on business and where the absence of such qualification would have a Material Adverse Effect; and operate its business and Property property in accordance with sound business practice and in substantial compliance with Applicable Law (including Environmental Law) and all Material Contracts.