If Borrower is an entity: (i) Borrower will maintain its existence in good standing under the law of the State or Country of its organization; (ii) will maintain its qualification as a foreign entity in each jurisdiction in which the nature of its business requires such qualification; and (iii) will not merge with any other entity without the consent of Lender except for acquisitions or mergers which result in Borrower retaining 51% or more of the equity interest of the resulting entity and control of the management of such entity. For the avoidance of any doubt, the merger of Greenhill Cogent Holdings L.P. and/or Greenhill Cogent L.P. with or into Borrower or its solely owned affiliate is permitted.