Common use of Corporate Existence and Rights Clause in Contracts

Corporate Existence and Rights. do or cause to be done all things necessary (I) to preserve and keep in full force and effect its existence, rights and franchises, (II) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (III) to maintain each Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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Corporate Existence and Rights. do or cause to be done all things necessary (Ii) to preserve and keep in full force and effect its existence, rights and franchises, (IIii) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (IIIiii) to maintain each Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

Corporate Existence and Rights. do or cause to be done all things necessary (Ii) to preserve and keep in full force and effect its existence, rights and franchises, (IIii) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (IIIiii) to maintain maintain, subject to the provisions of Section 6.25, each Restricted Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Amendment Agreement (Smithfield Foods Inc)

Corporate Existence and Rights. do or cause to be done all things necessary (Ii) to preserve and keep in full force and effect its existence, rights and franchises, (IIii) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x Xxxxx’x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (IIIiii) to maintain maintain, subject to the provisions of Section 6.24, each Restricted Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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Corporate Existence and Rights. do or cause to be done all things necessary (Ii) to preserve and keep in full force and effect its existence, rights and franchises, (IIii) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x Xxxxx’x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (IIIiii) to maintain maintain, subject to the provisions of Section 6.25, each Restricted Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

Corporate Existence and Rights. do or cause to be done all things necessary (Ii) to preserve and keep in full force and effect its existence, rights and franchises, (IIii) to ensure that the Company legally and beneficially owns eighty-six percent (86%) of the capital stock of each class of Xxxxx'x Xxxxx’x and one hundred percent (100%) of the capital stock of each of the other Guarantors, and (IIIiii) to maintain each Subsidiary as a Subsidiary, except as otherwise permitted by Section 6.14 and Section 6.15(b); and

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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