Corporate Existence and Taxes. For as long as any Preferred Shares remain outstanding, the Company shall maintain its corporate existence in good standing, and shall pay all its taxes when due except for taxes which the Company disputes in good faith and for which adequate reserves are established on the Company's books and records.
Appears in 2 contracts
Samples: Transfer Agent Agreement (Celex Group Inc), Transfer Agent Agreement (Celex Group Inc)
Corporate Existence and Taxes. For as long as any Preferred Shares Warrants remain outstanding, the Company shall shall, maintain its corporate existence in good standing, and shall pay all its taxes when due except for taxes which the Company disputes in good faith and for which adequate reserves are established on the Company's books and records.
Appears in 1 contract
Samples: Securities Subscription Agreement (Environmental Solutions Worldwide Inc)
Corporate Existence and Taxes. For as long as any Preferred Shares Convertible Debentures and Warrants remain outstanding, the Company shall shall, maintain its corporate existence in good standing, and shall pay all its taxes when due except for taxes which the Company disputes in good faith and for which adequate reserves are established on the Company's books and records.
Appears in 1 contract
Samples: Securities Subscription Agreement (Environmental Solutions Worldwide Inc)
