Corporation Existence. This Corporation is to have perpetual existence.
Corporation Existence. The Company:
(a) is a company organised and existing in accordance with the laws of Spain; and
(b) has the power to own its assets and carry on its business as it is now being conducted.
Corporation Existence. So long as the Investors beneficially own any Debentures, Warrants or Registrable Securities, the Company shall maintain its corporate existence and shall not sell all or substantially all of the Company's assets, except in the event of a merger or consolidation or sale of all or substantially all of the Company's assets, where the surviving or successor entity in such transaction (i) assumes the Company's obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTCBB, Nasdaq, Nasdaq SmallCap, NYSE or AMEX.
Corporation Existence. The Company will at all times preserve and keep in full force and effect its corporation existence. The Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a Subsidiary) and all rights and franchises of the Company and its Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise would not, individually or in the aggregate, have a Material Adverse Effect.
Corporation Existence. The Corporation has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware.
Corporation Existence. Borrower shall remain validly existing and in good standing under the laws of the State of Ohio, and shall remain, or shall become, as required, duly licensed or qualified as a foreign corporation in all states wherein the nature of its property owned or business transacted makes such licensing or qualification necessary.
Corporation Existence. The Company will at all times preserve and --------------------- keep in full force and effect its corporation existence. The Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a Subsidiary) and all rights and franchises of the Company and its Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise would not, individually or in the aggregate, have a materially adverse effect on the results of operations, condition (financial or otherwise), business, assets or liabilities of the Company.
Corporation Existence. The Company will maintain and preserve, and will cause each Subsidiary to maintain and preserve, its corporate existence and right to carry on its business and use, and cause each Subsidiary to use, its best efforts to maintain, preserve, renew and extend all of its rights, powers, privileges and franchise necessary to the proper conduct of its business; provided, however, that the foregoing shall not prevent any transaction permitted by Section 7.7.
