Common use of Maintenance of Existence and Good Standing Clause in Contracts

Maintenance of Existence and Good Standing. Maintain its ------------------------------------------ existence or qualification and good standing in its jurisdictions of organization and in all jurisdictions wherein the Property now owned or hereafter acquired or business now or hereafter conducted necessitates same, unless the failure to do so would not have a Material Adverse Effect.

Maintenance of Existence and Good Standing. Maintain its ------------------------------------------ limited liability company existence or and maintain its qualification and good standing in its jurisdictions of organization and in all jurisdictions wherein the Property now owned or hereafter acquired or the business now or hereafter conducted necessitates same, unless except where the failure to do so maintain such qualification and good standing would not have a Material Adverse Effect.