Common use of Covenant Not to Merge, Consolidate Clause in Contracts

Covenant Not to Merge, Consolidate. Enter into a Share Exchange, Sell or Convey Property Except Under Certain Conditions. The Company covenants that it will not merge, consolidate or enter into a share exchange with any other Person or sell, assign, transfer, lease or convey all or substantially all of its properties and assets to any Person or group of affiliated Persons in one transaction or a series of related transactions, unless:

Appears in 7 contracts

Samples: Purchase Contract Agreement (Dominion Resources Capital Trust Iv), Purchase Contract Agreement (PPL Capital Funding Inc), Purchase Contract Agreement (Dominion Resources Inc /Va/)

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Covenant Not to Merge, Consolidate. Enter into a Share Exchange, Sell or Convey Property Except Under under Certain Conditions. The Company covenants that it will not merge, consolidate or enter into a share exchange with any other Person or sell, assign, transfer, lease or convey all or substantially all of its properties and assets to any Person or group of affiliated Persons in one transaction or a series of related transactions, unless:

Appears in 2 contracts

Samples: Purchase Contract Agreement (CMS Energy Corp), Purchase Contract Agreement (Valero Energy Corp/Tx)

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