Common use of Company and Guarantors May Consolidate, etc., Only on Certain Terms Clause in Contracts

Company and Guarantors May Consolidate, etc., Only on Certain Terms. The Company will not, in a single transaction or through a series of related transactions, consolidate with or merge with or into any other Person or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person or group of Persons, or permit any of its Restricted Subsidiaries to enter into any such transaction or series of related transactions if such transaction or series of related transactions, in the aggregate, would result in a sale, assignment, conveyance, transfer, lease or disposition of all or substantially all of the properties and assets of the Company and its Restricted Subsidiaries on a Consolidated basis to any other Person or group of Persons, unless at the time and after giving effect thereto:

Appears in 3 contracts

Samples: Indenture (Sonic Automotive Inc), Indenture (Sonic Automotive Inc), Exhibit (Sonic Automotive Clearwater Inc)

AutoNDA by SimpleDocs

Company and Guarantors May Consolidate, etc., Only on Certain Terms. The Company will not, in a single transaction or through a series of related transactions, (1) consolidate with or merge with or into any other Person or Person, (2) sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person or group of Persons, or (3) permit any of its Restricted Subsidiaries to enter into any such transaction or series of related transactions if such transaction or series of related transactions, in the aggregate, would result in a sale, assignment, conveyance, transfer, lease or disposition of all or substantially all of the properties and assets of the Company and its Restricted Subsidiaries on a Consolidated basis to any other Person or group of Persons, unless at the time and after giving effect thereto:

Appears in 1 contract

Samples: Indenture (United Auto Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!