Common use of De-mergers Clause in Contracts

De-mergers. The Partnership shall not, and shall ensure that no Group Company shall, carry out any de-merger or other corporate reorganization involving splitting any Group Company into two or more separate companies or entities, if such transaction would reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: First Supplemental Indenture (Dynagas LNG Partners LP), First Supplemental Indenture (Dynagas Finance Inc.), First Supplemental Indenture (Dynagas Finance Inc.)

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De-mergers. The Partnership Company shall not, and shall ensure that no Group Company shall, carry out any de-merger or other corporate reorganization involving splitting any Group Company into two or more separate companies or entities, if such transaction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: First Supplemental Indenture (Teekay Offshore Partners L.P.)

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