Common use of PRESERVE EXISTENCE Clause in Contracts

PRESERVE EXISTENCE. Preserve its corporate existences and business organizations intact, maintain its existing licenses, use its best efforts to preserve for Buyer its relationships with suppliers, customers, employees and others having business relations with them, insofar as they related directly to the Enterprise Division, and keep all Assets in their present condition, ordinary wear and tear excepted.

PRESERVE EXISTENCE. Preserve its corporate existences and business organizations intact, maintain its existing licenses, use its best efforts to preserve for Buyer its relationships with suppliers, customers, employees and others having business relations with them, insofar as they related directly to the Enterprise Consulting Division, and keep all Assets in their present condition, ordinary wear and tear excepted.