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

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.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Karts International Inc), Preferred Stock Purchase Agreement (Texoil Inc /Nv/), Stock Purchase Agreement (Karts International Inc)

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Preservation of Corporate Existence and Property. The Except as otherwise determined by the Board of Directors to be in the best interests of the Company, the Company agrees to preserve, protect, and maintain, and cause each Subsidiary to will preserve, protect, and maintain, (a) its corporate existence, and (b) all rights, franchises, accreditationsaccreditation, privileges, and properties the failure of which to preserve, protect, and maintain might would reasonably be expected to 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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Chaney R & Partners 1993 Lp), Stock Purchase Agreement (North American Technologies Group Inc /Mi/)

Preservation of Corporate Existence and Property. The Company agrees to Corporation will preserve, protect, protect and maintain, and cause each Subsidiary to preserve, protect, and maintain, maintain (a) its corporate existence, and (b) all rights, franchises, accreditations, privilegesprivileges and properties, and properties the failure of which to preserve, protect, protect and maintain might have could result in 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 wholeMaterial Adverse Change.

Appears in 1 contract

Samples: Series C Preferred Stock Purchase Agreement (Heisley Michael E Et Al)

Preservation of Corporate Existence and Property. The Company agrees to preserve, protect, protect and maintain, and cause each Subsidiary to preserve, protect, protect and maintain, (a) its corporate existence, existence and (b) all rights, franchises, accreditations, privilegesprivileges and properties, and properties the failure of which to preserve, protect, protect and maintain might would reasonably be expected to 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 wholeMaterial Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Z Tel Technologies Inc)

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Preservation of Corporate Existence and Property. The Company agrees to Corporation will preserve, protect, protect and maintain, and cause each Subsidiary to preserve, protect, protect and maintain, (a) its corporate existence, and (b) all rights, franchises, accreditations, privilegesprivileges and properties, and properties the failure of which to preserve, protect, protect and maintain might could have a material and adverse effect on the businessBusiness, affairs, assetsAssets, prospects, operations, employee relations, rights or condition, financial or otherwise, of the Company Corporation and its Subsidiaries, Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Stock Purchase Agreement (E Auction Global Trading Inc)

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