Common use of Consolidations, Mergers and Sales of Assets Clause in Contracts

Consolidations, Mergers and Sales of Assets. Such Borrower will not consolidate or merge with or into any other Person (other than another Borrower) or reorganize its assets into series of a series corporation or entity, nor will such Borrower sell, lease or otherwise transfer, directly or indirectly, all or any substantial part of its assets to any other Person (other than another Borrower) except that such Borrower may sell its assets in the ordinary course of business as described in its Prospectus or SAI (if applicable).

Appears in 10 contracts

Samples: Credit Agreement, Credit Agreement (BlackRock Series Fund, Inc.), Credit Agreement (BlackRock Funds II)

AutoNDA by SimpleDocs

Consolidations, Mergers and Sales of Assets. Such The Borrower will not (i) consolidate or merge with or into any other Person or (other than another Borrowerii) or reorganize its assets into series of a series corporation or entity, nor will such Borrower sell, lease or otherwise transfer, directly or indirectly, all or any substantial part of its assets Substantial Assets to any other Person (other than another a Subsidiary of the Borrower) except ); provided that such the Borrower may sell its assets in merge with another Person if the ordinary course of business as described in its Prospectus or SAI (if applicable)Borrower is the Person surviving such merger and, after giving effect thereto, no Default shall have occurred and be continuing.

Appears in 9 contracts

Samples: Term Loan Credit Agreement (Duke Energy Florida, Llc.), Term Loan Credit Agreement (Duke Energy Florida, Llc.), Term Loan Credit Agreement (Duke Energy CORP)

Consolidations, Mergers and Sales of Assets. Such The Borrower will not (i) consolidate or merge with or into any other Person (other than another a Subsidiary of the Borrower) or reorganize its assets into series of a series corporation or entity, nor will such Borrower (ii) sell, lease or otherwise transfer, directly or indirectly, all or any substantial part substantially all of the assets of the Borrower and its assets Subsidiaries, taken as a whole, to any other Person (other than another Borrower) except that such Borrower may sell its assets in the ordinary course of business as described in its Prospectus or SAI (if applicable)Person.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Chubb Corp), Short Term Credit Agreement (Chubb Corp), Revolving Credit Agreement (Chubb Corp)

Consolidations, Mergers and Sales of Assets. Such Borrower will not consolidate or merge with or into any other Person (other than another Borrower) or reorganize its assets into series of a series corporation or entity, nor will such Borrower sell, lease or otherwise transfer, directly or indirectly, all or any substantial part of its assets to any other Person (other than another Borrower) except that such Borrower may sell its assets in the ordinary course of business as described in its Prospectus or SAI (if applicable)SAI.

Appears in 3 contracts

Samples: Credit Agreement (Master Focus Twenty Trust), Credit Agreement (Hotchkis & Wiley Variable Trust), Credit Agreement (Master Premier Growth Trust)

AutoNDA by SimpleDocs

Consolidations, Mergers and Sales of Assets. Such Borrower will not consolidate or merge with or into any other Person (other than another Borrower) or ), reorganize its assets into series of a series corporation or entityentity or effect a Division (or adopt a plan of division in furtherance thereof), nor will such Borrower sell, lease or otherwise transfer, directly or indirectly, all or any substantial part of its assets to any other Person (other than another Borrower) except that such Borrower may sell its assets in the ordinary course of business as described in its Prospectus or SAI (if applicable).

Appears in 3 contracts

Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.), Credit Agreement (Blackrock Funds), Credit Agreement (BlackRock Variable Series Funds II, Inc.)

Consolidations, Mergers and Sales of Assets. Such Borrower will not consolidate or merge with or into any other Person (other than another Borrower) or ), reorganize its assets into one or more series of a series corporation or entityentity or effect a Division (or adopt a plan of division in furtherance thereof), nor will such Borrower sell, lease or otherwise transfer, directly or indirectly, all or any substantial part of its assets to any other Person (other than another Borrower) except that such Borrower may sell its assets in the ordinary course of business as described in its Prospectus or SAI (if applicable).

Appears in 3 contracts

Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.)

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