Common use of Maintenance of Corporate Existence, etc Clause in Contracts

Maintenance of Corporate Existence, etc. Subject to the --------------------------------------- provisions of Section 11.3, the Charterer shall at all times maintain its corporate existence and preserve and keep in full force and effect its rights and franchises, the loss of which would have a material adverse effect on the financial condition of the Charterer or its ability to comply with its obligations under the Operative Documents.

Maintenance of Corporate Existence, etc. Subject to the --------------------------------------- provisions of Section 11.3, the The Charterer shall at all times maintain its corporate existence except as permitted by Section 11.7 and will do or cause to be done all things necessary to preserve and keep in full force and effect its rights (charter and statutory) and franchises, ; provided that (a) it shall not be required to preserve any right or franchise if its Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of its business and (b) the loss of which would have a material adverse effect on thereof does not materially adversely affect or diminish the financial condition rights of the Charterer Owner or its ability to comply with its obligations under the Operative Documentsany Investor.

Maintenance of Corporate Existence, etc. Subject to the --------------------------------------- provisions of Section 11.311.2, the Charterer shall at all times maintain its corporate existence and preserve and keep in full force and effect its rights and franchises, the loss of which would have a material adverse effect on the financial condition of the Charterer or its ability to comply with its obligations under the Operative Documents.

Maintenance of Corporate Existence, etc. Subject to the --------------------------------------- provisions of Section 11.310.2, the Charterer shall at all times maintain its corporate existence and preserve and keep in full force and effect its rights and franchises, franchises the loss of which which, individually or in the aggregate, would have a material adverse effect on the financial condition of the Charterer or its Charterer's ability to comply with its obligations under the Operative DocumentsDocuments or the Pass Through Trust Documents to which it is a party.