Common use of Capital Structure, Merger, Acquisition or Sale of Assets Clause in Contracts

Capital Structure, Merger, Acquisition or Sale of Assets. The Borrower will not enter into any merger or consolidation or amalgamation, windup or dissolve itself (or suffer any liquidation or dissolution) or acquire all or substantially all the assets of any Person, or sell, lease or otherwise dispose of any of its assets (except Inventory disposed of in the ordinary course of business prior to an Event of Default). Any consent of the Lender to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 2 contracts

Samples: Financing and Security Agreement (Pec Solutions Inc), Financing and Security Agreement (Pec Solutions Inc)

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Capital Structure, Merger, Acquisition or Sale of Assets. The Borrower will not alter or amend its capital structure, authorize any additional class of equity, enter into any merger or consolidation or amalgamation, windup or dissolve itself (or suffer any liquidation or dissolution) or acquire all or substantially all the assets of any Person, or sell, lease or otherwise dispose of any of its assets (except Inventory disposed without the prior written consent of in the ordinary course of business prior to an Event of Default)Lender. Any consent of the Lender to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensytech Inc)

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Capital Structure, Merger, Acquisition or Sale of Assets. The Borrower will not alter or amend its capital structure, authorize any additional class of equity, enter into any merger or consolidation or amalgamation, windup or dissolve itself (or suffer any liquidation or dissolution) or acquire all or substantially all the assets of any Person, or sell, lease or otherwise dispose of any of its assets (except Inventory disposed of in the ordinary course of business prior to an Event of Default)assets. Any consent of the Lender to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

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