Maintenance of Existence and Good Standing. The Borrower will maintain its corporate existence or qualification and good standing in its jurisdiction of formation and in all jurisdictions wherein the Property owned or business conducted makes such qualification necessary, except where the failure to so qualify could not reasonably to be expected to have a Material Adverse Effect.
Appears in 2 contracts
Sources: Senior Secured Bridge Loan (Mainland Resources Inc.), Senior Secured Advancing Line of Credit Agreement (Mainland Resources Inc.)