Examples of Permitted Merger in a sentence
Save for any LP1 Permitted Merger and any LP2 Permitted Merger, a decision is made that any Material Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect, provided that a merger involving the Issuer, where the Issuer is not the surviving entity, shall always be considered an Event of Default and provided that the Issuer may not be demerged.
Save for any LP1 Permitted Merger and any LP2 Permitted Merger, the Issuer or any other Material Group Company ceases to carry on its business if such discontinuation is likely to have a Material Adverse Effect.
Undertaking Related definition Applicable Not applicable Merger The Borrower shall not enter into any amalgamation, demerger, merger, consolidation or corporate reconstruction other than any Permitted Merger.
Neither the Issuer nor the Co-obligor will, and Bestsport has covenanted in the Trust Deed that it will not, consolidate or merge with any other person or convey or transfer its properties or assets substantially as an entirety to any other person otherwise than as part of a Permitted Merger or as otherwise approved by the Trustee or by an Extraordinary Resolution of the Bondholders.
The Borrower shall not have the right to assign its rights or obligations hereunder or any interest herein without the prior consent of all the Lenders, which consent may be withheld by the Lenders in their sole and absolute discretion; provided that the foregoing shall not prohibit a Permitted Merger by the Borrower.