Preservation of Corporate Existence and Property. The Company shall, and shall cause each of its Subsidiaries to, preserve and maintain (i) its corporate existence, (ii) its rights, franchises and privileges and (iii) all its assets and properties in adequate working order and condition, with the exception of (x) ordinary wear and tear, (y) casualty losses covered by insurance or where the failure to be so fully covered did not constitute a breach of Section 5.4 and (z) as otherwise approved by the Board.
Preservation of Corporate Existence and Property. The Company agrees to preserve, protect, and maintain, and cause each Subsidiary to preserve, protect, and maintain, (a) its corporate existence, and (b) all rights, franchises, accreditations, privileges, and properties the failure of which to preserve, protect, and maintain might have a material and adverse effect on the business, affairs, assets, prospects, operations, or condition, financial or otherwise, of the Company and its Subsidiaries, taken as a whole.
Preservation of Corporate Existence and Property. Except as otherwise determined by the Board of Directors to be in the best interests of the Company, the Company and each Subsidiary will preserve, protect, and maintain, (a) its corporate existence, and (b) all rights, franchises, accreditation, privileges, and properties the failure of which to preserve, protect, and maintain would reasonably be expected to have a material adverse effect on the business, affairs, assets, prospects, operations, or condition, financial or otherwise, of the Company and its Subsidiaries.
Preservation of Corporate Existence and Property. During the Warrant Term (as defined in the Investment Agreement), the Corporation shall preserve and maintain its corporate existence and its rights franchises and privileges.
Preservation of Corporate Existence and Property. The Company shall preserve, protect and maintain: (i) its corporate existence and good standing in its jurisdiction of incorporation (provided that a subsidiary may be merged with the Company or another subsidiary or may, if it is inactive and holds no material assets be dissolved), (ii) its rights, franchises and privileges, and (iii) all of its properties necessary or useful in the proper conduct of its business in good working order and condition, with the exception of (x) ordinary wear and tear, and (y) casualty losses covered by insurance, allowing for reasonable deductibles.
Preservation of Corporate Existence and Property. The Company shall preserve, protect and maintain: (i) its corporate existence and good standing in its jurisdiction of incorporation, (ii) its rights, franchises and privileges, and (iii) all of its properties necessary or useful in the proper conduct of its business in good working order and condition, with the exception of (x) ordinary wear and tear, and (y) casualty losses covered by insurance, allowing for reasonable deductibles. The Company will not enter into a new field of business without the approval of the directors elected to the Company's Board of Directors by the Series B Preferred, if any.
Preservation of Corporate Existence and Property. The Company agrees to use its best efforts to preserve, protect and maintain, and to cause each Subsidiary to preserve, protect and maintain, (a) its corporate existence, (b) its rights, franchises and privileges, and (c) all its properties necessary or useful in the proper conduct of its business in good working order and condition, with the exception of (i) ordinary wear and tear and (ii) casualty losses covered by insurance, allowing for reasonable deductibles, provided, however, that nothing contained herein shall preclude the Company from entering into an agreement for the sale or merger of the Company which has been approved by the stockholders of the Company in accordance with the By-laws, Restated Charter and the Stockholders' Agreement.
