Common use of Additional Affirmative Covenants of the Company Clause in Contracts

Additional Affirmative Covenants of the Company. The Company agrees that, during the period beginning on the Execution Date and ending on the Termination Date, the Company shall, and to the extent legally permitted, shall cause the Company Subsidiaries to: (a) maintain its corporate existence in good standing; (b) comply with all material Governmental Requirements applicable to the operation of its business in all material respects; (c) comply with all material agreements, documents and instruments binding on it or affecting its Properties or business, including, without limitation, all material contracts, in all material respects; and (d) maintain commercially reasonable insurance coverage (including D&O insurance) for the Company and each Company Subsidiary.

Appears in 4 contracts

Samples: Securities Investment and Subscription Agreement (Ener1 Inc), Securities Investment and Subscription Agreement (Ener1 Inc), Securities Investment and Subscription Agreement (Ener1 Inc)

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