Common use of Continued Existence Clause in Contracts

Continued Existence. Subject to Article V, each of the Issuers and the Guarantors shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges and franchises of the Issuers or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers or such Guarantor.

Appears in 3 contracts

Samples: Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC)

AutoNDA by SimpleDocs

Continued Existence. Subject to Article VV hereof, each of the Issuers and the Guarantors shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges licenses and franchises of the Issuers or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers or such Guarantor.

Appears in 2 contracts

Samples: Indenture (Oak Ridger LLC), Securities Purchase Agreement (Aas Capital Corp)

Continued Existence. Subject to Article VV hereof, each of the Issuers and the Guarantors Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence and the corporate or other existence of Finance Corp. and each Guarantor in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers Company or Finance Corp. or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges licenses and franchises of the Issuers Company or Finance Corp. or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers or such Guarantorand the Guarantors, taken as a whole.

Appears in 1 contract

Samples: Indenture (Listerhill Total Maintenance Center LLC)

Continued Existence. Subject to Article VV hereof, each of the Issuers and the Guarantors shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers such Issuer or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges licenses and franchises of the Issuers such Issuer or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers such Issuer or such Guarantor.

Appears in 1 contract

Samples: Superior Essex Inc

AutoNDA by SimpleDocs

Continued Existence. (a) Subject to Article VV hereof, each of the Issuers and the Guarantors Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence and the corporate or other existence of each Guarantor in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers Company or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges licenses and franchises of the Issuers Company or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers or such GuarantorCompany and the Guarantors taken as a whole.

Appears in 1 contract

Samples: Indenture (Omnova Solutions Inc)

Continued Existence. Subject to Article VV hereof, each of the Issuers and the Guarantors Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its corporate or other existence and the corporate or other existence of each Guarantor in accordance with the organizational documents (as the same may be amended from time to time) of the Issuers Company or such Guarantor and (ii) the material rights (charter and statutory), licenses, permits, privileges licenses and franchises of the Issuers Company or such Guarantor, except to the extent that the applicable Board of Directors determines in good faith that the preservation of such right, license or franchise is no longer necessary or desirable in the conduct of the business of the Issuers or such GuarantorCompany and the Guarantors taken as a whole.

Appears in 1 contract

Samples: Indenture (Anchor Glass Container Corp /New)

Time is Money Join Law Insider Premium to draft better contracts faster.