Common use of Corporate Restrictions Clause in Contracts

Corporate Restrictions. Borrower will not issue any capital stock in Borrower or grant any option, right of first refusal, warrant, or other right to purchase any capital stock in Borrower. Borrower will not be dissolved or liquidated. Borrower will not amend, modify, restate, supplement, or terminate any of its Organizational Documents, Borrower will not consolidate or merge with any corporation, any other limited partnership, any limited liability company, or any other Person.

Appears in 4 contracts

Samples: Credit Loan Agreement, Credit Loan Agreement (TRI Pointe Homes, Inc.), Credit Loan Agreement (William Lyon Homes)

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Corporate Restrictions. Borrower will not issue any capital stock in Borrower or grant any option, right of first refusal, warrant, warrant or other right to purchase any capital stock in Borrower. Borrower will not be dissolved or liquidated. Borrower will not amend, modify, restate, supplement, supplement or terminate any of its Organizational Documents, . Borrower will not consolidate or merge with any corporation, any other limited partnership, any limited liability company, or any other Person.

Appears in 1 contract

Samples: Credit Loan Agreement (William Lyon Homes)

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