Common use of Company to Maintain its Corporate Existence Clause in Contracts

Company to Maintain its Corporate Existence. Company will maintain its corporate existence and will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation or permit one or more other corporations to consolidate with or merge into it without providing an opinion of Bond Counsel to the Issuer and the Trustee that such a merger, dissolution or consolidation will not materially violate the Act or cause interest on the Bonds to be includable in the gross income of the owners thereof for federal income tax purposes.

Company to Maintain its Corporate Existence. The Company will maintain its corporate existence and existence, will not dissolve or otherwise dispose of all or substantially all of its assets assets, and (unless the surviving corporation following any consolidation or merger is the Company) will not consolidate with or merge into another corporation Person or permit one or more other corporations Persons to consolidate with or merge into it without providing an opinion of Bond Counsel to the Issuer and the Trustee that such a merger, dissolution or consolidation will not materially violate the Act or cause interest on the Bonds to be includable in the gross income of the owners thereof for federal income tax purposesit.