Perpetual Existence Sample Clauses
The Perpetual Existence clause establishes that an entity, such as a corporation or trust, will continue to exist indefinitely unless it is formally dissolved according to applicable laws or governing documents. In practice, this means the entity does not automatically end due to the death, withdrawal, or bankruptcy of its members, shareholders, or founders. This clause ensures business continuity and stability, preventing automatic dissolution and allowing the entity to operate beyond the involvement of its original participants.
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Perpetual Existence. The Partnership shall have a perpetual existence unless dissolved in accordance with the provisions of Article IX of this Agreement.
Perpetual Existence. The Company shall have a perpetual existence unless dissolved in accordance with the provisions of Article XI of this Agreement.
Perpetual Existence. The Corporation is to have perpetual existence.
Perpetual Existence. The Company shall be deemed to have commenced upon the filing of the Articles and shall continue in perpetuity until the Company's existence is terminated in accordance with this Agreement or the Act.
Perpetual Existence. The Issuer Trust shall have perpetual existence and shall be dissolved only in accordance with this Article IX.
Perpetual Existence. 18 11.2 Termination........................................................19 11.3
Perpetual Existence. The Company shall have a perpetual existence. So long as any of the Company's transition bonds shall remain outstanding, the Member shall not be entitled to consent to the liquidation, dissolution or winding up of the Company.
Perpetual Existence. Subject to its dissolution as provided in Section 11.2 hereof, the Trust created hereby shall have perpetual existence.
Perpetual Existence. The Company shall have perpetual existence.
Perpetual Existence. The Company shall have perpetual existence, beginning on the date of filing its Certificate, unless dissolved under Section 5.1.