Maintenance of Corporate Status. Prior to Closing and for a period of a least 24 months after the Closing Date, the Purchaser shall use its commercially reasonable efforts to remain a corporation validly subsisting under the laws of its jurisdiction of existence, licensed, registered or qualified as an extra-provincial or 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.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Enertopia Corp.), Asset Purchase Agreement (Enertopia Corp.), Asset Purchase Agreement (Enertopia Corp.)
Maintenance of Corporate Status. Prior to Closing and for a period of a least 24 36 months after the Closing Date, the Purchaser and Vendor shall each use its their commercially reasonable efforts to remain a corporation validly subsisting under the laws of its jurisdiction of existence, licensed, registered or qualified as an extra-provincial or 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.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Dynamic Innovative Solutions LTD), Asset Purchase and Joint Venture Agreement (Privacy & Value Inc.), Asset Purchase and Joint Venture Agreement (Cyber Apps World)
Maintenance of Corporate Status. Prior to Closing and for a period of a least 24 months after the Closing Date, the Purchaser shall use its commercially reasonable efforts to remain a corporation validly subsisting under the laws of its jurisdiction of existence, licensed, registered or qualified as an extra-provincial or 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.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Cyber Apps World), Asset Purchase Agreement (Quantum Business Strategies, Inc.)
