Common use of Organizational Existence Clause in Contracts

Organizational Existence. Subject to Article Eight, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence and its organizational rights (charter and statutory) and franchises; provided, however, that the Issuer shall not be required to preserve any such right or franchise if the Board of Directors of the Issuer shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a whole.

Organizational Existence. Subject to Article Eight, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence and existence. For the avoidance of doubt, the Issuer will be permitted to change its organizational rights (charter and statutory) and franchisesform; provided, however, provided that for so long as the Issuer shall is not a corporation, there will be required to preserve any such right or franchise if the Board of Directors a co-issuer of the Issuer shall determine Notes that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a wholecorporation.

Organizational Existence. Subject to Article Eight, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence and its that of each Restricted Subsidiary and the organizational rights (charter and statutory) and franchisesfranchises of the Issuer and of each Restricted Subsidiary; provided, however, that the Issuer shall not be required to preserve any such right or franchise if the Board of Directors of the Issuer shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a whole.

Organizational Existence. Subject to Article Eight, the Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence and its that of each Restricted Subsidiary and the organizational rights (charter and statutory) and franchisesfranchises of the Issuer and of each Restricted Subsidiary; provided, however, that the Issuer shall not be required to preserve any such right or franchise if the Board of Directors of the Issuer shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a whole.

Organizational Existence. Subject to Article EightVIII, the each Issuer will do or cause to be done all things necessary to preserve and keep in full force and effect its organizational existence and its organizational existence, rights (charter and statutory) ), licenses and franchises; provided, however, that the no Issuer shall will not be required to preserve any such right right, license or franchise if the Board of Directors of the Issuer it shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer and its Subsidiaries, taken as a wholesuch Issuer.