MAINTAIN CORPORATE EXISTENCE AND NATURE OF BUSINESS. (A) The Obligors will not allow their corporate existence to be other than in good standing and will not dissolve or liquidate (or discontinue their normal operations with the intent to liquidate), or merge or consolidate with or acquire or affiliate with any other business entity or form any Subsidiary or Affiliate; provided, however, that Borrower shall be permitted (i) to consummate a Permitted Acquisition using the proceeds of an Acquisition Advance, subject to the limitations set forth in Section 2.1 hereof and provided further that no Default or Event of Default shall have occurred and be continuing or would result from the making of such Acquisition Advance or the consummation of such Permitted Acquisition and (ii) to form a Subsidiary which has resolved by unanimous resolution of the board of directors and shareholders of such Subsidiary to execute the Guaranty required under this Agreement and has duly executed such Guaranty and provided further that no Default or Event of Default shall have occurred and be continuing or would result from the formation of such Subsidiary. Notwithstanding anything in the foregoing to the contrary, Borrower shall be permitted to consummate a Permitted Acquisition in which the consideration paid consists entirely of cash (other than Acquisition Advances) or equity in Borrower and provided further that no Default or Event of Default shall have occurred and be continuing or would result from the consummation of such Permitted Acquisition.
MAINTAIN CORPORATE EXISTENCE AND NATURE OF BUSINESS. (A) Neither Borrower nor Guarantors will allow its corporate existence to be other than in good standing and will not dissolve or liquidate (or discontinue their normal operations with the intent to liquidate), or merge or consolidate with or acquire or affiliate with any other business entity or form any Subsidiary or Affiliate or sell all or substantially all of its Assets.
MAINTAIN CORPORATE EXISTENCE AND NATURE OF BUSINESS. (a) Borrower will not allow its corporate existence to be other than in good standing and will not, without the prior written consent of Lender, dissolve or liquidate, or merge or consolidate with, or acquire or affiliate with any other business entity unless Borrower is the surviving entity;
MAINTAIN CORPORATE EXISTENCE AND NATURE OF BUSINESS. (A) The Borrowers will not allow their corporate existence to be other than in good standing and will not dissolve or liquidate, or merge or consolidate with or acquire or affiliate with any other business entity or form any Affiliate or Subsidiary except in connection with Permitted Acquisitions. Other than the anticipated liquidation of ORC TeleServices, Inc. as described by Section 6.6 hereof, the Borrowers will not allow any of their Subsidiaries' or Affiliates' corporate existence to be other than in good standing nor permit any of their Subsidiaries or Affiliates to dissolve or liquidate, if such dissolution or liquidation would have a Material Adverse Effect on any Borrower. Notwithstanding the foregoing, any Borrower may merge into Research and any Subsidiary may merge into any Borrower or any Subsidiary upon prior notice to the Banks and execution of such documentation as the Banks reasonably require.
MAINTAIN CORPORATE EXISTENCE AND NATURE OF BUSINESS. (A) The Borrower will not allow its, nor any of its Subsidiaries', existence to be other than in good standing and will not dissolve or liquidate (or discontinue its normal operations with the intent to liquidate).
