Consolidations, Mergers or Acquisitions. No Borrower shall be a party to any merger, consolidation, or exchange of stock 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 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. No The Borrower shall not be a party to any merger, consolidation, or exchange of stock or other equitystock, 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 or, if applicable, sell or assign, with or without recourse, any receivables. No Borrower shall form or establish any subsidiary.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Tandem Health Care, Inc.)
Consolidations, Mergers or Acquisitions. No The Borrower shall not be a party to any merger, consolidation, or exchange of stock or other equity(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 sell or assign, with or without recourse, any receivables. No Borrower shall form or establish any subsidiary.
Appears in 1 contract
Samples: Loan and Security Agreement (Phoenix Footwear Group Inc)
Consolidations, Mergers or Acquisitions. No Borrower shall not be a party to any merger, consolidation, consolidation or exchange of stock or other equitystock, 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 or propertyassets, or sell or assign, with or without recourse, any receivables. No Borrower shall form receivables (other than for collection of delinquent Accounts in the ordinary course of business), except for a merger of any Subsidiary into, or establish any subsidiarytransfer of substantially all of its assets to, Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Grant Geophysical Inc)
Consolidations, Mergers or Acquisitions. No Other than the Acquisition, the Borrower shall not be a party to any merger, consolidation, or exchange of stock or other equitystock, 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 or, if applicable, sell or assign, with or without recourse, any receivables. No Borrower shall form or establish any subsidiary.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Tandem Health Care, Inc.)