Common use of Consolidation and Merger; Asset Acquisitions Clause in Contracts

Consolidation and Merger; Asset Acquisitions. The Borrower will not consolidate with or merge into any Person, or permit any other Person to merge into it, or acquire in a transaction analogous in purpose or effect to a consolidation or merger all or substantially all the assets of any other Person.

Appears in 3 contracts

Samples: Credit and Security Agreement (Skymall Inc), Credit and Security Agreement (Sunrise Educational Services Inc), Credit and Security Agreement (Skymall Inc)

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Consolidation and Merger; Asset Acquisitions. The Borrower Borrowers will not consolidate with or merge into any Person, or permit any other Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger merger) all or substantially all the assets of any other Person.

Appears in 2 contracts

Samples: Credit and Security Agreement (Nu Kote Holding Inc /De/), Credit and Security Agreement (Emrise CORP)

Consolidation and Merger; Asset Acquisitions. The Borrower will not consolidate with or merge into any Person, or permit any other Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger merger) all or substantially all the assets of any other Person, except for the transactions contemplated by the Asset Purchase Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Poore Brothers Inc)

Consolidation and Merger; Asset Acquisitions. The Each Borrower will not consolidate with or merge into any Person, or permit any other Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger merger) all or substantially all the assets of any other Person.

Appears in 1 contract

Samples: Credit and Security Agreement (Microtel International Inc)

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Consolidation and Merger; Asset Acquisitions. The Neither the Borrower nor the Parent will not consolidate with or merge into any Person, or permit any other Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger merger) all or substantially all the assets of any other Person.

Appears in 1 contract

Samples: Credit and Security Agreement (Seair Group Inc)

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