Common use of Asset Sale Clause in Contracts

Asset Sale. If all of the stock of any Guarantor shall be sold or otherwise disposed of (including by merger or consolidation) in an asset sale not prohibited by the Term Credit Agreement or otherwise consented to by the Required Lenders under the Term Credit Agreement, the agreements of such Guarantor hereunder shall automatically be discharged and released without any further action by such Guarantor and shall be assumed in full by the corporation which prior to such asset sale or consent owned the stock of such Guarantor, effective as of the time of such asset sale or consent. Xxxxxx shall cause any such corporation which is not a Guarantor to become a party to this Guaranty unless otherwise agreed in writing by the Required Lenders.

Asset Sale. If all of the stock of any Guarantor shall be sold or otherwise disposed of (including by merger or consolidation) in an asset sale not prohibited by the Term Credit Agreement or otherwise consented to by the Agent and the Required Lenders under the Term Credit Agreement, the agreements of such Guarantor hereunder shall automatically be discharged and released without any further action by such Guarantor and shall be assumed in full by the corporation which prior to such asset sale or consent owned the stock of such Guarantor, effective as of the time of such asset sale or consent. Xxxxxx The Borrower shall cause any such corporation which is not a Guarantor to become a party to this Contribution Agreement and the Guaranty Agreement unless otherwise agreed in writing by the Agent and the Required Lenders.

Asset Sale. If all of the stock of any Guarantor shall be sold or otherwise disposed of (including by merger or consolidation) in an asset sale not prohibited by the Term Credit Agreement or otherwise consented to by the Required Lenders Guaranteed Parties under the Term Credit Agreement, the agreements of such Guarantor hereunder shall automatically be discharged and released without any further action by such Guarantor and shall be assumed in full by the corporation which prior to such asset sale or consent owned the stock of such Guarantor, effective as of the time of such asset sale or consent. Xxxxxx Parent shall cause any such corporation which is not a Guarantor to become a party to this Guaranty Contribution Agreement and the Guarantee Agreement unless otherwise agreed in writing by the Required LendersGuaranteed Parties.

Asset Sale. If all of the stock of any Guarantor shall be sold or otherwise disposed of (including by merger or consolidation) in an asset sale not prohibited by the Term Credit Agreement Agreements or otherwise consented to by the Required Lenders Guaranteed Parties under the Term Credit AgreementAgreements, the agreements of such Guarantor hereunder shall automatically be discharged and released without any further action by such Guarantor and shall be assumed in full by the corporation which prior to such asset sale or consent owned the stock of such Guarantor, effective as of the time of such asset sale or consent. Xxxxxx Hughes shall cause any such corporation which is not a Guarantor to become a party to this Guaranty Contribution Agreement and the Guarantee Agreement unless otherwise agreed in writing by the Required LendersGuaranteed Parties.

Asset Sale. If all of the stock of any Guarantor shall be sold or otherwise disposed of (including by merger or consolidation) in an asset sale Asset Sale not prohibited by the Term Credit Agreement or otherwise consented to by the Required Lenders under the Term Credit Agreement, the agreements of such Guarantor hereunder shall automatically be discharged and released without any further action by such Guarantor and shall be assumed in full by the corporation which prior to such asset sale Asset Sale or consent owned the stock of such Guarantor, effective as of the time of such asset sale Asset Sale or consent. Xxxxxx Parent shall cause any such corporation which is not a Guarantor to become a party to this Contribution Agreement and the Affiliate Guaranty unless otherwise agreed in writing by the Required Lenders.