Common use of Consolidation, Merger or Sale of Assets Permitted Clause in Contracts

Consolidation, Merger or Sale of Assets Permitted. The Company (a) shall not, and shall not permit any Restricted Subsidiary to, consolidate with or merge into any Person, in the case of a Restricted Subsidiary, in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary, unless such Restricted Subsidiary consolidates with or merges into a Wholly Owned Restricted Subsidiary; (b) shall not permit any Person other than a Wholly Owned Restricted Subsidiary to consolidate with or merge into (i) the Company or (ii) any Restricted Subsidiary in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary; (c) shall not, directly or indirectly, in one or a series of transactions, transfer, convey, sell, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and its Subsidiaries on a consolidated basis; and (d) shall not, and shall not permit any Restricted Subsidiary to, in one or a series of transactions, acquire Capital Stock of or other ownership interests in any other Person such that such other Person becomes a Restricted Subsidiary; unless in any such transaction (or series) contemplated by Clause (a), (b), (c) or (d) above:

Appears in 6 contracts

Samples: Subordinated Indenture (Allied Waste Industries Inc), Senior Indenture (Allied Waste Industries Inc), Subordinated Indenture (Allied Waste Industries Inc)

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Consolidation, Merger or Sale of Assets Permitted. The Company (a) shall not, and shall not permit any Restricted Subsidiary to, consolidate with or merge into into, any Person, in the case of a Restricted Subsidiary, in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary, unless such Restricted Subsidiary consolidates with or merges into a Wholly Owned Restricted Subsidiary; (b) shall not permit any Person other than a Wholly Owned Restricted Subsidiary to consolidate with or merge into (i) the Company or (ii) any Restricted Subsidiary in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary; (c) shall not, directly or indirectly, in one or a series of transactions, transfer, convey, sell, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and its Subsidiaries on a consolidated basis; and (d) shall not, and shall not permit any Restricted Subsidiary to, in one or a series of transactions, acquire Capital Stock of or other ownership interests in any other Person such that such other Person becomes a Restricted Subsidiary; unless in any such transaction (or series) contemplated by Clause (a), (b), (c) or (d) above:

Appears in 1 contract

Samples: Allied Waste Industries Inc

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Consolidation, Merger or Sale of Assets Permitted. The Company (a) shall not, and shall not permit any Restricted Subsidiary to, consolidate with or merge into into, any Person, in the case of a Restricted Subsidiary, in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary, unless such Restricted Subsidiary consolidates with or merges into a Wholly Owned Restricted Subsidiary; (b) shall not permit any Person other than a Wholly Owned Restricted Subsidiary to consolidate with or merge into (i) the Company or (ii) any Restricted Subsidiary in a transaction in which such Restricted Subsidiary remains a Restricted Subsidiary; (c) shall not, directly or indirectly, in one or a series of transactions, transfer, convey, sell, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and its Subsidiaries on a consolidated basis; and (d) shall not, and shall not permit any Restricted Subsidiary to, in one or a series of transactions, acquire Capital Stock of or other ownership interests in any other Person such that such other Person becomes a Restricted Subsidiary; unless in any such transaction (or series) contemplated by Clause (a), (b), (c) or (d) above:

Appears in 1 contract

Samples: Allied Waste Industries Inc

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