Common use of Section 1004. Corporate Existence Clause in Contracts

Section 1004. Corporate Existence. Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and material rights and franchises (charter and statutory); provided , that, the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Company; and provided further , that the foregoing shall not prohibit a sale, transfer or conveyance of a Subsidiary or any of its assets in compliance with the terms of the Indenture.

Section 1004. Corporate Existence. Subject to Article Eight, the Company shall will do or cause to be done all things necessary to preserve and keep in full force and effect its the corporate existence and material existence, rights and franchises (charter and statutory)) and franchises of the Company and its Subsidiaries; provided provided, thathowever, that the Company shall not be required to preserve any such right or franchise if it the Board of Directors shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Company; Company and provided further , its Subsidiaries as a whole and that the foregoing shall loss thereof is not prohibit a sale, transfer or conveyance of a Subsidiary or disadvantageous in any of its assets in compliance with material respect to the terms of the IndentureHolders.

Section 1004. Corporate Existence. Subject to Article Eight, the Company shall will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and material existence, rights and franchises (charter and statutory)) and franchises; provided provided, thathowever, that the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer necessary or desirable if, in the conduct of the business judgment of the Company; and provided further , that it shall no longer be necessary, advisable or in the foregoing shall not prohibit a sale, transfer or conveyance of a Subsidiary or any of its assets in compliance with the terms interest of the IndentureCompany to preserve the same.

Section 1004. Corporate Existence. Subject to Article Eight, the Company shall will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and material existence, rights and franchises (charter and statutory)) and franchises; provided provided, thathowever, that the Company shall not be required to preserve any such right or franchise if it the Board of Directors shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Company; Company and provided further , that the foregoing shall loss thereof is not prohibit a sale, transfer or conveyance of a Subsidiary or disadvantageous in any of its assets in compliance with material respect to the terms of the IndentureHolders.

Section 1004. Corporate Existence. Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and material rights and franchises (charter and statutory); provided provided, that, the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer necessary or desirable in the conduct of the business of the Company; and provided further , that the foregoing shall not prohibit a sale, transfer or conveyance of a Subsidiary or any of its assets in compliance with the terms of the Indenture.