Consolidations, Mergers or Acquisitions. Other than the Acquisition, the Borrower shall not be a party to any merger, consolidation, or exchange of stock, or purchase or otherwise acquire all or substantially all of the assets or stock of any class of, or any other evidence of an equity interest in, or any partnership, limited liability company, or joint venture interest in, any other Person, or sell, transfer, convey or lease all or any substantial part of its assets or property, or, if applicable, sell or assign, with or without recourse, any receivables.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Tandem Health Care, Inc.)
Consolidations, Mergers or Acquisitions. Other than the Acquisition, the The Borrower shall not be a party to any merger, consolidation, or exchange of stock, or purchase or otherwise acquire all or substantially all of the assets or stock of any class of, or any other evidence of an equity interest in, or any partnership, limited liability company, or joint venture interest in, any other Person, or sell, transfer, convey or lease all or any substantial part of its assets or property, or, if applicable, sell or assign, with or without recourse, any receivables.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Tandem Health Care, Inc.)
Consolidations, Mergers or Acquisitions. Other than the Acquisition, the No Borrower shall not be a party to any merger, consolidation, or exchange of stockstock or other equity, or purchase or otherwise acquire all or substantially all of the assets or stock of any class of, or any other evidence of an equity interest in, or any partnership, limited liability company, or joint venture interest in, any other Person, or sell, transfer, convey or lease all or any substantial part of its assets or property, or, if applicable, or sell or assign, with or without recourse, any receivables. No Borrower shall form or establish any subsidiary.
Appears in 1 contract
Samples: Subordinated Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
Consolidations, Mergers or Acquisitions. Other than the Acquisition, the The Borrower shall not be a party to any merger, consolidation, or exchange of stockstock (which shall exclude the Deregistration Transaction), or purchase or otherwise acquire all or substantially all of the assets or stock of any class of, or any other evidence of an equity interest in, or any partnership, limited liability company, or joint venture interest in, any other Person, or sell, transfer, convey convey, assign or lease all or any substantial part of its assets or property, or, if applicable, or sell or assign, with or without recourse, any receivables.
Appears in 1 contract
Samples: Loan and Security Agreement (Phoenix Footwear Group Inc)
Consolidations, Mergers or Acquisitions. Other than the Acquisition, the Borrower shall not be a party to any merger, consolidation, consolidation or exchange of stock, or purchase or otherwise acquire all or substantially all of the assets or stock of any class of, or any other evidence of an equity interest in, or any partnership, limited liability company, partnership or joint venture interest in, any other Person, or sell, transfer, convey or lease all or any substantial part of its assets assets, or property, or, if applicable, sell or assign, with or without recourse, any receivablesreceivables (other than for collection of delinquent Accounts in the ordinary course of business), except for a merger of any Subsidiary into, or transfer of substantially all of its assets to, Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Grant Geophysical Inc)