Common use of Preservation of Corporate Existence and Franchises Clause in Contracts

Preservation of Corporate Existence and Franchises. Subject to Sections 8.10 and 13.03 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Restricted Subsidiary and (b) the rights (charter and statutory), licenses and franchises of the Company and its Restricted Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of Restricted Subsidiaries if (i) the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole, and (ii) the loss thereof could not reasonably be expected to have a Material Adverse Effect.

Preservation of Corporate Existence and Franchises. Subject to Sections 8.10 and 13.03 Section 8 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Restricted Subsidiary and (b) the rights (charter and statutory), licenses and franchises of the Company and its Restricted SubsidiariesSubsidiaries (including, without limitation, the Operating Licenses and Authorizations); provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of Restricted its Subsidiaries if (i) the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole, and (ii) the loss thereof could would not reasonably be expected to have result in a Material Adverse Effect.

Preservation of Corporate Existence and Franchises. Subject to Sections 8.10 and 13.03 -------------------------------------------------- Section 8 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Restricted Subsidiary and (b) the rights (charter and statutory), licenses and franchises of the Company and its Restricted Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of Restricted its Subsidiaries if (i) the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole, and (ii) the loss thereof could is not reasonably be expected likely to have result in a Material Adverse Effect.

Preservation of Corporate Existence and Franchises. Subject to Sections 8.10 and 13.03 -------------------------------------------------- Section 8 hereof, the Company Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company Issuer or any such Restricted Subsidiary and (b) the rights (charter and statutory), licenses and franchises of the Company Issuer and its Restricted Subsidiaries; provided, however, that the Company Issuer shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of Restricted its Subsidiaries if (i) the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company Issuer and its Restricted Subsidiaries, taken as a whole, and (ii) the loss thereof could would not reasonably be expected to have result in a Material Adverse Effect.

Preservation of Corporate Existence and Franchises. Subject to Sections 8.10 8.5 and 13.03 hereof8.12, the Company Holdings shall, and shall cause its Subsidiaries to, do or cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate, partnership limited liability company or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company Holdings or any such Restricted Subsidiary and (b) the rights (charter and statutory), licenses and franchises of the Company Holdings and its Restricted Subsidiaries; provided, however, that the Company Holdings shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of Restricted its Subsidiaries if (i) the Board of Directors of Holdings shall determine in good faith that the preservation thereof is no longer desirable in the conduct of the business of the Company Holdings and its Restricted Subsidiaries, taken as a whole, and (ii) the loss thereof could does not and would not reasonably be expected to have result in a Material Adverse Effect.