Maintenance of Corporate Status. Prior to Closing and for a period of a least 36 months after the Closing Date, the Purchaser and Vendor shall each use their commercially reasonable efforts to remain a corporation validly subsisting under the laws of its jurisdiction of existence, licensed, registered or qualified as a foreign corporation in all jurisdictions where the character of its properties owned or leased or the nature of the activities conducted by it make such licensing, registration or qualification necessary and shall carry on its business in the ordinary course and in compliance in all material respects with all applicable laws, rules and regulations of each such jurisdiction.
Maintenance of Corporate Status. The Company and Buyer shall maintain its corporate or partnership existence in good standing or effective under the laws of its jurisdiction of organization and any other states or jurisdictions in which its failure to qualify as a foreign corporation or entity would have a material adverse effect on its operations or financial condition.
Maintenance of Corporate Status. The Company shall maintain, and shall cause each affiliate to maintain, its corporate or partnership existence in good standing or effective under the laws of its jurisdiction of organization and any other states or jurisdictions in which its failure to qualify as a foreign corporation or entity would have a material adverse effect on its operations or financial condition.
Maintenance of Corporate Status. At all times during the term of this Agreement, Broker and Owner shall take such actions as are necessary to ensure that the respective party is in good standing under the laws of its jurisdiction of incorporation.
Maintenance of Corporate Status. The Company shall maintain, and shall cause its Subsidiaries to maintain, their corporate existence in good standing in the jurisdictions where they are respectively incorporated and shall remain, and cause its Subsidiaries to remain, qualified as foreign corporations in good standing in all other jurisdictions where they are respectively required to be qualified, except where any failure so to maintain or remain will not have a Material Adverse Effect.
Maintenance of Corporate Status. The Company shall maintain, and shall cause its Subsidiaries to maintain, their corporate existence in good standing in all states and countries where they are incorporated or are required to be qualified to conduct business as a foreign corporation.
Maintenance of Corporate Status. Each of DSLT and its Subsidiaries will be maintained at all times as a corporation validly existing and in good standing under the laws of their respective states of incorporation, and in good standing as a foreign corporation in all jurisdictions in which they are qualified to do business on the date of this Agreement.
Maintenance of Corporate Status. Each of Parent and Sub will be maintained at all times as a corporation validly existing and in good standing under the laws of their respective states of incorporation, and in good standing as a foreign corporation in all jurisdictions in which they are qualified to do business on the date of this Agreement.
Maintenance of Corporate Status. (a) The Borrower and each New Owner shall maintain its corporate status as a body corporate, duly organised and validly existing and in good standing under the laws of Bermuda (in the case of the Borrower) and Liberia (in the case of each New Owner) and neither the Borrower nor any New Owner shall amend, or permit to be amended, its constitutional documents;
(b) The Borrower shall remain a listed company on the NASDAQ stock exchange unless the prior written consent is obtained from the Lender to the contrary.
Maintenance of Corporate Status. The Borrower shall and shall procure that the Corporate Guarantor shall maintain its corporate status in good standing and if so requested by the Lender will provide the Lender with evidence thereof.
