Common use of Foreign Qualification, etc Clause in Contracts

Foreign Qualification, etc. The Parent and the Company will, and the Company will cause each of its Subsidiaries to, cause to be done at all times all things necessary to maintain and preserve the rights and franchises of the Parent, each Borrower and each Material Subsidiary to be duly qualified to do business and be in good standing as a foreign corporation in each jurisdiction where the nature of its business makes such qualification necessary and where the failure to maintain and preserve or so qualify could reasonably be expected to have a Material Adverse Effect.