Preservation of Franchises and Existence. The Company will (i) maintain its corporate existence, rights and franchises in full force and effect, and (ii) cause the Subsidiaries to maintain their respective corporate existences, rights and franchises in full force and effect; provided that nothing in this Section 4.3 shall prevent the Company or any Subsidiary from discontinuing its operations in any particular state or at any particular location or locations within the state, or prevent the corporate existence, rights and franchises of any Subsidiary from being terminated if, in the opinion of the Board of Directors, the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries and the loss thereof is not disadvantageous in any material respect to the holders of Series A Preferred Stock.
Preservation of Franchises and Existence. The Company will maintain and cause each Subsidiary to maintain its corporate existence, rights and franchises in full force and effect, provided that nothing in this Section 6(e) shall prevent the Company or any Subsidiary from discontinuing its operations in any particular state or at any particular location or locations within the state, or prevent the corporate existence, rights and franchises of any Subsidiary from being terminated if, in the opinion of the Board of Directors of the Company, the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole.
Preservation of Franchises and Existence. The Company shall, and ---------------------------------------- shall cause each of its Subsidiaries (so long as they are conducting any business) to, maintain its corporate existence, and all material rights and franchises, in full force and effect unless the Board determines that it is in the best interest of the Company not to do so and such rights and franchises, as the case may be, are not material to the business of the Company.
Preservation of Franchises and Existence. Except as otherwise permitted by the Agreement, the Company will (i) maintain its corporate existence, rights and franchises in full force and effect, and (ii) cause the Subsidiaries to maintain their respective corporate existences, rights and franchises in full force and effect, provided that nothing in this Section 6.7 shall prevent the Company or any Subsidiary from discontinuing its operations in any particular state or at any particular location or locations within the state, or prevent the corporate existence, rights and franchises of any Subsidiary from being terminated if, in the opinion of the Board of Directors of the Company, the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole or implementing the Company's plans with respect to Metabasis or Automedics.
Preservation of Franchises and Existence. Except as otherwise permitted by this Agreement, the Company will (i) maintain its corporate existence, rights and franchises in full force and effect.
Preservation of Franchises and Existence. 11 6.5 Insurance....................................................... 11 6.6 Payment of Taxes and Other Charges.............................. 12 6.7
Preservation of Franchises and Existence. The Company and ---------------------------------------- its Subsidiaries will maintain their corporate existence, and all material rights and franchises, in full force and effect.
Preservation of Franchises and Existence. The Company will (i) maintain its corporate existence, rights and franchises in full force and effect, and (ii) cause the Subsidiaries to maintain their respective corporate existences, rights and franchises in full force and effect, provided that nothing in this Section 6.7 shall prevent the
Preservation of Franchises and Existence. Except as otherwise permitted by this Agreement, the Company will (i) maintain its corporate existence, rights and franchises in full force and effect, and (ii) cause its insurance subsidiaries to maintain their respective corporate existences, rights and franchises in full force and effect, provided that nothing in this Section 4.1 shall prevent the Company from discontinuing (or causing its subsidiaries to discontinue) its respective operations in any particular location or locations within any state if such discontinuance or termination is in the best interest of the Company or its subsidiaries, as the case may be, and is not disadvantageous in any material respect to the holders of the Notes or in violation of any provision of this Agreement.
Preservation of Franchises and Existence. The Company shall maintain its corporate existence, rights, licenses and franchises in full force and effect; provided, however, that the Company shall not be required to preserve any right or franchise if the Board of Directors of the Company, as the case may be, shall in good faith determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not materially disadvantageous to the Company.
