Common use of Trust Existence Clause in Contracts

Trust Existence. Borrower shall, and shall cause each Subsidiary of Borrower to, (i) maintain its existence, (ii) maintain in full force and effect all licenses, bonds, franchises, leases, trademarks and qualifications to do business, and all patents, contracts and other rights necessary to the conduct of their businesses, except where the failure to maintain such rights would not reasonably be expected to have a Material Adverse Effect, and (iii) continue in, and limit their operations to, the Business. Nothing in this paragraph shall be deemed to prevent the transfer of interests in, or Borrower's terminating and/or liquidating Subsidiaries from time to time, provided that after such transfer, termination and/or liquidation Borrower and its remaining Subsidiaries are in full compliance with this Agreement in all material respects.