Common use of CORPORATE EXISTENCE; MERGER Clause in Contracts

CORPORATE EXISTENCE; MERGER. Lessee will preserve and maintain its corporate existence and all its rights, privileges and franchises in every jurisdiction in which the character of its property or the nature of its business makes licensing or qualification necessary. Lessee will not merge or consolidate with or into or be acquired by any person or entity or sell, lease or otherwise dispose of all or substantially all of its properties, without the prior written consent of Lessor, which consent will not be unreasonably withheld.

CORPORATE EXISTENCE; MERGER. Lessee will preserve and maintain its corporate existence and all its rights, privileges and franchises in every jurisdiction in which the character of its property or the nature of its business makes licensing or qualification necessary. Lessee will not merge or consolidate with or into or be acquired by any person or entity or sell, lease or otherwise dispose of all or substantially all of its properties, without unless the prior written consent surviving corporation expressly assumes in a manner reasonably satisfactory to Beneficiary all of Lessor, which consent will not be unreasonably withheldLessee's obligations hereunder.