Common use of Existence and Status Clause in Contracts

Existence and Status. The Borrower shall maintain its existence as a business trust in good standing under the laws of _________, shall continue to be registered as an investment company under the Act, and shall continue to maintain the Fund as a separate Series of the Borrower.

Existence and Status. The Borrower shall maintain its existence as a business trust ____________in good standing under the laws of ________________, shall continue to be registered as an investment company under the Act, Act and shall continue to maintain the Fund as a separate Series of the BorrowerBorrow­er.