Common use of Consolidation and Merger Clause in Contracts

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entity, or permit any other person or entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assets.

Appears in 2 contracts

Samples: Restated Revolving Credit and Term Loan Agreement (First Team Sports Inc), Revolving Credit and Term Loan Agreement (First Team Sports Inc)

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Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityperson, or permit any other person or entity to merge into it, it or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsperson.

Appears in 2 contracts

Samples: Bond Purchase and Loan Agreement, Bond Purchase and Loan Agreement

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityPerson, or permit any other person or entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsPerson.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityperson, or permit any other person or entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsperson.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (RathGibson Inc)

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityPerson, or permit any other person or entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsPerson.

Appears in 2 contracts

Samples: Credit Agreement (Aerocentury Corp), Credit Agreement (Aerocentury Corp)

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityperson, or permit any other person or entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all person. (There can be no change in ownership of its assetsborrower during the term of the lease).

Appears in 1 contract

Samples: Loan Agreement (Pharmaceutical Resources Inc)

Consolidation and Merger. The Neither Borrower will not consolidate with or merge into any person or entityperson, or permit any other person or entity to merge into it, it or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsperson.

Appears in 1 contract

Samples: Loan Agreement (Landec Corp \Ca\)

Consolidation and Merger. The Borrower and Guarantors will not consolidate with or merge into any person or entityPerson, or permit any other person or entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsPerson.

Appears in 1 contract

Samples: Loan Agreement (Wsi Industries, Inc.)

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Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entity, other Person or permit any other person Person to consolidate with or entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assets.

Appears in 1 contract

Samples: Acquisition and Renovation Loan Agreement (Mego Financial Corp)

Consolidation and Merger. The Each Borrower will not, and will not permit any Subsidiary to, consolidate with or merge into any person or entityPerson, or permit any other person or entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets Property or capital stock of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsPerson.

Appears in 1 contract

Samples: Secured Credit Agreement (Minnesota Corn Processors LLC)

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityperson, or permit any other person or entity to merge into it, it or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsperson.

Appears in 1 contract

Samples: Reimbursement Agreement (Life Time Fitness Inc)

Consolidation and Merger. The Borrower will not consolidate with or merge into any person or entityPerson, or permit any other person or entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other person or entity, nor liquidate, dissolve, suspend business operations or sell all or substantially all of its assetsPerson.

Appears in 1 contract

Samples: Credit Agreement (Young America Holdings Inc)

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