Except as permitted by Section 9.4(a) and any Permitted Restructuring, preserve and maintain, and cause each Material Subsidiary to preserve and maintain, its separate organizational existence and all material licenses, permits, Governmental Approvals, rights, privileges and franchises necessary for the conduct of its business; and comply in all material respects with the provisions of all documents pursuant to which Borrower or any Material Subsidiary is organized and/or which govern Borrower’s or such Subsidiary’s continued existence and materially comply with the requirements of all Applicable Laws applicable to Borrower, its Material Subsidiaries and/or their respective businesses.