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

Consolidation, Merger, Sale or Purchase of Assets, etc. Borrower will not (a) dissolve, liquidate or wind up its affairs, (b) enter into any transaction of merger or consolidation, or sell or otherwise dispose of all or any part of its property or assets having a value in excess of $50,000, (c) acquire any assets having a value in excess of $50,000 per Property per year if such assets do not enhance or improve the value of the Property, or (d) acquire any assets having a value in excess of $50,000, except for capital improvements contained in the Capital Improvement Plans approved by Lender or otherwise permitted under this Agreement and manufactured home community properties financed with Loans made under this Agreement or under a separate facility extended by Lender as permitted hereunder.