Common use of Covenants and Continuing Agreements Clause in Contracts

Covenants and Continuing Agreements. During the term of this Agreement, and thereafter for so long as there are any amounts outstanding hereunder to Borrower, Borrower covenants that it shall preserve and maintain its separate legal existence and all rights, privileges, and franchises in connection therewith.

Appears in 2 contracts

Sources: Loan Agreement (Irvine Apartment Communities L P), Loan Agreement (Irvine Apartment Communities L P)