Common use of Corporate Existence; Good Standing; No Dissolution Clause in Contracts

Corporate Existence; Good Standing; No Dissolution. For a period of not less than eighteen (18) months following the Closing Date, Seller (i) shall maintain its corporate existence in good standing, perform its obligations and satisfy its liabilities when due, pay its Taxes when due, and maintain adequate cash and liquid assets to pay and perform its liabilities and obligations as they fall due and (ii) shall not resolve, agree or take any action to liquidate, wind-up, dissolve or otherwise cease its operations.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bridgeline Digital, Inc.), Asset Purchase Agreement (Bridgeline Digital, Inc.)

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Corporate Existence; Good Standing; No Dissolution. For a period of not less than eighteen twelve (1812) months months, or as otherwise agreed to by the Parties in writing, following the Closing DateClosing, Seller (i) shall maintain its corporate existence in good standing, perform its obligations and satisfy its liabilities when due, pay its Taxes when due, and maintain adequate cash and liquid assets to pay and perform its liabilities and obligations as they fall due and (ii) shall not resolve, agree or take any action to liquidate, wind-up, dissolve up or otherwise cease its operationsdissolve.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bridgeline Digital, Inc.), Asset Purchase Agreement (Bridgeline Digital, Inc.)

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Corporate Existence; Good Standing; No Dissolution. For a period of not less than eighteen six (186) months years following the Closing Date, the Seller (i) shall maintain its corporate existence in good standing, perform its obligations and satisfy its liabilities when due, pay its Taxes when due, and maintain adequate cash and liquid assets to pay and perform its liabilities and obligations as they fall due due, and (ii) shall not resolve, agree or take any action to liquidate, wind-up, dissolve or otherwise cease its operations.

Appears in 1 contract

Samples: Stock Purchase Agreement (PTC Inc.)

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