Common use of Section 1005 Existence Clause in Contracts

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the existence, rights (charter and statutory) and franchises of the Company; provided, however, 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 desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders.

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the existence, rights (charter and statutory) and franchises of the Company; provided, however, 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 desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the HoldersCompany.

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the its existence, rights (charter and statutory) and franchises of the Companyfranchises; provided, however, that the Company shall not be required to preserve any such right or franchise if it the Board shall 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 disadvantageous in any material respect to the HoldersCompany.

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the its existence, rights (charter and statutory) and franchises of the Companyfranchises; provided, however, 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 desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders.

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the its existence, rights (charter by partnership agreement and statutorystatute) and franchises of the Companyfranchises; provided, however, that the Company shall not be required to preserve any such right or franchise if it shall determine determines that the preservation thereof is no longer desirable in the conduct of the its business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders.

Section 1005 Existence. Subject to Article Eight8, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the its existence, rights (charter and statutory) and franchises of the Companyfranchises; provided, however, 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 desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders.

Section 1005 Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the its and PNB's existence, rights (charter and statutory) and franchises of the Companyfranchises; provided, however, 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 desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders.