Common use of Corporate Existence; Merger; Consolidation, etc Clause in Contracts

Corporate Existence; Merger; Consolidation, etc. (a) The Company will keep in full effect its existence, rights and franchises as a corporation under the laws of the State of Nevada, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes or any of the Auto Loans. (b) The Company shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requirements of law in the declaration and payment of dividends on its capital stock, and (iii) all requisite and appropriate corporate and other formalities (including without limitation meetings of the Company's board of directors and, if required by law, its charter or otherwise, meetings and votes of the shareholders of the Company to authorize corporate action) in the management of its business and affairs and the conduct of the transactions contemplated hereby. (c) The Company shall not issue or register the transfer of any of its common stock to any Person other than AutoBond or a wholly-owned subsidiary of AutoBond. (d) The Company shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person.

Corporate Existence; Merger; Consolidation, etc. (a) The Company will keep in full effect its existence, rights and franchises as a corporation under the laws of the State of NevadaDelaware, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the this Indenture, the Notes or any of the Auto Loans. (b) The Company shall at all times observe and comply in all material respects with (i) all laws applicable to it, (ii) all requirements of law in the declaration and payment of dividends on its capital stock, and (iii) all requisite and appropriate corporate and other formalities (including without limitation meetings of the Company's board Board of directors Directors and, if required by law, its charter or otherwise, meetings and votes of the shareholders of the Company to authorize corporate action) in the management of its business and affairs and the conduct of the transactions contemplated hereby. (c) The Company shall not issue or register the transfer of any of its common stock to any Person other than AutoBond Epic or a wholly-owned subsidiary an Affiliate of AutoBondEpic. (d) The Company shall not (i) consolidate or merge with or into any other Person or convey or transfer its properties and assets substantially as an entirety to any other Person or (ii) commingle its assets with those of any other Person.