Maintenance of Corporate Status; No Merger or Consolidation Sample Clauses

Maintenance of Corporate Status; No Merger or Consolidation. Lessee will preserve and maintain its corporate existence and such of its rights, privileges, licenses and franchises in any jurisdiction where failure to obtain such licensing or qualification would have a material adverse effect upon Lessee. The Lessee shall not consolidate or merge with or into any other corporation or sell, convey, transfer, lease or otherwise dispose of, whether in one transaction or a series of related transactions, any of its assets if the aggregate value thereof represents all or substantially all of its assets. Lessee shall not (A) voluntarily suspend its certificated operations; or (B) voluntarily or involuntarily permit to be revoked, canceled or otherwise terminated all or substantially all of the franchises, concessions, permits, rights or privileges required for the conduct of business and operations of Lessee or the free and continued use and exercise thereof.

Maintenance of Corporate Status; No Merger or Consolidation. Lessee will preserve and maintain its corporate existence and such of its licenses and franchises in any jurisdiction where failure to obtain such licensing or qualification would have a material adverse effect upon Lessee. The Lessee shall not consolidate or merge with or into any other corporation or sell, convey, transfer, lease or otherwise dispose of, whether in one transaction or a series of related transactions, all or substantially all of its assets. Lessee shall not (A) voluntarily suspend its operations; or (B) voluntarily or involuntarily permit to be revoked, canceled or otherwise terminated all or substantially all of the franchises, concessions, or permits required for the conduct of business and operations of Lessee or the free and continued use and exercise thereof.

Maintenance of Corporate Status; No Merger or Consolidation. Lessee will preserve and maintain its corporate existence and such of its rights, privileges, licenses and franchises in any jurisdiction where failure to obtain such licensing or qualification would have a material adverse effect upon Lessee. The Lessee shall not consolidate or merge with or into any other corporation or sell, convey, transfer, lease or otherwise dispose of, whether in one transaction or a series of related transactions, any of its assets if the aggregate value thereof represents all or substantially all of its assets unless the surviving entity has the same or greater net worth as that of Lessee immediately prior to any such consolidation or merger and such surviving entity agrees in writing to assume all of the obligations of Lessee under this Lease. Lessee shall not voluntarily permit to be revoked, canceled or otherwise terminated all or substantially all of the franchises, concessions, permits, rights or privileges required for the conduct of business and operations of Lessee or the free and continued use and exercise thereof.

Maintenance of Corporate Status; No Merger or Consolidation. Lessee and each Guarantor will preserve and maintain its corporate existence and such of its rights, privileges, licenses and franchises in any jurisdiction where failure to obtain such licensing or qualification would have a material adverse effect upon Lessee and each Guarantor. The Lessee and each Guarantor shall not consolidate or merge with or into any other corporation or sell, convey, transfer, lease or otherwise dispose of, whether in one transaction or a series of related transactions, any of its assets if the aggregate value thereof represents all or substantially all of its assets unless the surviving entity has the same or greater net worth as that of Lessee or each Guarantor (as the case may be) immediately prior to any such consolidation or merger and such surviving entity agrees in writing to assume all of the obligations of Lessee under this Lease or Guarantor under the related Guaranty, as the case may be. Lessee and each Guarantor shall not voluntarily permit to be revoked, canceled or otherwise terminated all or substantially all of the franchises, concessions, permits, rights or privileges required for the conduct of business and operations of Lessee or the free and continued use and exercise thereof