Common use of Corporate Existence and Taxes Clause in Contracts

Corporate Existence and Taxes. The Company shall, until at least three (3) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 3 contracts

Samples: Subscription Agreement (Si Diamond Technology Inc), Si Diamond Technology Inc, Si Diamond Technology Inc

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Corporate Existence and Taxes. The Company shall, until at least three two (32) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's ’s obligations with respect to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 3 contracts

Samples: Regulation D Subscription Agreement (Nano Proprietary Inc), Applied Nanotech Holdings, Inc, Nano Proprietary Inc

Corporate Existence and Taxes. The Company shall, until at least three two (32) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 1 contract

Samples: Si Diamond Technology Inc

Corporate Existence and Taxes. The Company shall, until at least three two (32) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the Securities) Securities and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 1 contract

Samples: Si Diamond Technology Inc

Corporate Existence and Taxes. The Company shall, until at ----------------------------- least three two (32) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 1 contract

Samples: Si Diamond Technology Inc

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Corporate Existence and Taxes. The Company shall, until at least three (3) years after the date of the ClosingClosing Date, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the SecuritiesShares) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Network Connection Inc)

Corporate Existence and Taxes. The Company shall, until at least three (3) years after the date of the Closing, maintain its corporate existence in good standing (provided, however, that the foregoing covenant shall not prevent the Company from entering into any merger or corporate reorganization so long as the surviving entity in such transaction, if not the Company, assumes all of the Company's obligations with respect to the Securities) and shall pay all its taxes when due, except for taxes which the Company disputes.

Appears in 1 contract

Samples: Regulation D Subscription Agreement (Tanners Restaurant Group Inc)

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