Maintain Corporate Existence Clause Samples
The "Maintain Corporate Existence" clause requires a company to continue its legal existence and remain in good standing throughout the duration of an agreement. This typically means the company must not dissolve, merge, or otherwise cease to exist, and must comply with all necessary legal and regulatory requirements to maintain its corporate status. By including this clause, parties ensure that the company remains a valid legal entity capable of fulfilling its contractual obligations, thereby reducing the risk of disruption or default due to corporate dissolution or non-compliance.
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Maintain Corporate Existence. The Company shall maintain its corporate existence, and preserve its rights, powers, licenses and privileges which are necessary or material to the conduct of its business.
Maintain Corporate Existence. Seller shall preserve its corporate existence for a period of two years after the Closing Date; Seller shall not permit or suffer the imposition of any liens and encumbrances on its assets (except liens for taxes not yet due and payable and liens arising solely by operation of law); and Seller shall not incur indebtedness that is senior to the obligations of Seller under Article X hereof; provided, however, that Seller may cease its corporate existence if its obligations under Article X hereof are assumed by an affiliate of Seller with a net worth at least equal to that of Seller as of the Closing Date. This Section 4.8 shall survive the Closing Date until the second anniversary of the Closing Date.
Maintain Corporate Existence. Borrower shall (and shall cause its Subsidiaries to) maintain its corporate existence, carry on and conduct its business in a proper and business-like manner, take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business and comply with all applicable Laws. Borrower shall also forthwith notify Lender in writing of the dissolution or wind-up of any existing Subsidiary or the creation of any new Subsidiary after the date hereof.
Maintain Corporate Existence. Each of the Borrower and its Material Subsidiaries shall maintain its corporate existence, and preserve its rights, powers, licenses and privileges which are necessary or material to the conduct of its business, and not materially change the nature of its business;
Maintain Corporate Existence. The Company will keep in full force and effect its corporate existence and take all reasonable action to maintain all rights and privileges necessary or desirable in the normal conduct of its business.
Maintain Corporate Existence. The Borrower shall preserve and keep in full force and effect its corporate existence and all franchises, rights, and privileges necessary for the proper conduct of its business, including, without limitation, all necessary franchises, patents, licenses, trademarks, trademark rights, trade name rights, fictitious name authorizations, or certificates and copyrights without any conflict with such franchises, patents, licenses, trademarks, trademark rights, trade name rights, fictitious name authorizations or certificates and copyrights of others.
Maintain Corporate Existence. As long as any Subscriber owns Securities, the Company shall use commercially reasonable efforts to maintain its existence as a corporation validly subsisting under the laws of its jurisdiction of existence, licensed, registered or qualified as an extra-provincial or foreign corporation in all jurisdictions where the character of its properties owned or leased or the nature of the activities conducted by it make such licensing, registration or qualification necessary and shall carry on its business in the ordinary course and in compliance in all material respects with all applicable laws, rules and regulations of each such jurisdiction.
Maintain Corporate Existence. The Company shall and shall cause each of the Material Subsidiaries to maintain its corporate existence.
Maintain Corporate Existence. Unless the Issuer, the Trustee and the Credit Facility Trustee consent in writing, the Borrower will maintain its corporate existence in good standing as a Delaware corporation and maintain its qualification to do business in good standing in the State; provided, however, that nothing in this Section shall prohibit the merger of a subsidiary into the Borrower or the merger or consolidation of a subsidiary with or into another person if the corporation surviving such consolidation or merger is a subsidiary and if, in each case, after giving effect thereto, no event of default shall have occurred.
Maintain Corporate Existence. (A) Borrower shall maintain in good standing its corporate existence and will not, without the prior written consent of Bank, dissolve nor liquidate, nor merge nor consolidate with nor acquire nor affiliate itself with any other business entity nor form any subsidiary.