Existence; Conduct of Business. The Reinsurer shall do or cause to be done all things reasonably necessary to preserve, renew and keep in full force and effect its legal existence and the rights, Permits and privileges material to the conduct of its business, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the Reinsurer’s ability to perform its obligations under this Agreement.
Existence; Conduct of Business. The ReinsurerCeding Company shall do or cause to be done all things reasonably necessary to preserve, renew and keep in full force and effect its legal existence and the rights, Permits and privileges material to the conduct of its business, except wherebusiness. The Ceding Company shall, in all material respects, operate the failurebusiness related to do so, individually orthe Reinsured Policies in the aggregate, would not reasonably be expected to have a material adverse effect onordinary course of business consistent with past practice and the Reinsurer’s ability to perform its obligations under this Agreement.terms of the Reinsured Policies.
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