Dissolution; Change in Business Status Sample Clauses

Dissolution; Change in Business Status. Unless the written consent of Lender is previously obtained, all or substantially all of the business assets of Borrower or any Guarantor are sold, Borrower or any Guarantor is dissolved, or there occurs any change in the form of business entity through which Borrower or any Guarantor presently conducts its business or any merger or consolidation involving Borrower or any Guarantor.
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Dissolution; Change in Business Status. Unless the written consent of Lender is previously obtained, all or substantially all of the business assets of Borrower, any general partner of Borrower or any Guarantor are sold, Borrower, any general partner of Borrower or any Guarantor is dissolved, or there occurs any change in the form of business entity through which Borrower, any general partner of Borrower or any Guarantor presently conducts its business or any merger or consolidation involving Borrower, any general partner of Borrower or any Guarantor. Notwithstanding anything to the contrary, nothing in this Section 6.14 is intended to limit the right of any Borrower who is the owner of an Eligible Property to have the same released from the Collateral Pool and released from the lien of the corresponding Mortgage pursuant to Section 8.20 below.
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Dissolution; Change in Business Status. The cessation of a material part of Borrower’s business; or any consolidation, reorganization, restructure, dissolution, or of any part of its business; or any liquidation or any revocation or any termination of Borrower’s existence which is not cured within sixty (60) days after such event (regardless of whether election to continue is made); or any expiration, revocation or other termination of its charter, operating agreement, organizational agreement, certificate of authority, good standing, or authorization to do business which is not cured within sixty (60) days after such event; or merger with another entity; or the conveyance, assignment, sale or transfer of a material amount of its assets.
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Dissolution; Change in Business Status. Unless the written consent of Lender is previously obtained, all or substantially all of the business assets of any Obligor are sold, any Obligor is dissolved, or there occurs any merger or consolidation involving any Obligor in which such Obligor is not the surviving entity.
Sample 1
Dissolution; Change in Business Status. Unless the written consent of the Lender is previously obtained, all or substantially all of the business assets of the Borrower are sold, the Borrower is dissolved, or there occurs any change in the form of business entity through which the Borrower presently conducts its business or any merger or consolidation involving the Borrower; provided, however, that the Lender agrees to not unreasonably withhold its consent to any change in the form of business entity through which the Borrower presently conducts its business or any merger or consolidation involving the Borrower so long as such change will not have a material adverse effect on the Borrower, the Loan or the Lender's security therefor.
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Dissolution; Change in Business Status. Unless the written consent of Administrative Agent is previously obtained, all or substantially all of the business assets of Borrower, Service Company LLC, Show Bureau LLC or Guarantor or, at any time that Borrower controls Stageside LLC or otherwise with Borrower’s vote or consent, Stageside LLC are sold (with the understanding that, so long as CJUF II indirectly owns a majority of the equity of Borrower and Borrower owns the Property and the ownership interests in Stageside LLC, Service Company LLC and Show Bureau LLC that Borrower owns as of the Closing Date, CJUF II shall be deemed not to have sold substantially all of its assets), Borrower, Stageside LLC, Service Company LLC, Show Bureau LLC or Guarantor is dissolved, or there occurs any change in the form of business entity through which Borrower, Stageside LLC, Service Company LLC, Show Bureau LLC or Guarantor presently conducts its business or any merger or consolidation involving Borrower, Stageside LLC, Service Company LLC, Show Bureau LLC or Guarantor; provided, however, that in the event of a Guarantor default under this Section 6.14, there will be a Guarantor Deemed Cure for Defaulting Guarantor if the non-defaulting Guarantor satisfies the Guarantor Deemed Cure Conditions.
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Dissolution; Change in Business Status. Unless the written consent of Administrative Agent is previously obtained, all or substantially all of the business assets of Borrower or the Guarantor are sold, Borrower or the Guarantor is dissolved, or there occurs any merger or consolidation involving Borrower or the Guarantor, unless the successor resulting from such merger or consolidation is controlled by Sun Communities, Inc.
Sample 1
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Dissolution; Change in Business Status. Unless the written consent of Lender is previously obtained, all or substantially all of the business assets of Borrower, General Partner or any Project Owner are sold, Borrower General Partner or any Project Owner is dissolved, or there occurs any change in the form of business entity through which Borrower, General Partner or any Project Owner presently conducts its business or any merger or consolidation involving Borrower, General Partner or any Project Owner. Notwithstanding the foregoing, the Project Owners identified on Schedule 3 under items (2), (3), (11) and (13) may change their form of business entities, be dissolved, merge or undergo a change in ownership structure so long as (i) Borrower demonstrates to Lender’s reasonable satisfaction that there does not then exist, and such change will not result in, a default under the applicable Bond Documents or Project Loan documents, (ii) any and all approvals or consents that are required for such change are obtained in advance and (iii) the Borrower notifies the Lender promptly upon its knowledge of any such change and provides the Lender with the name and organizational structure of the new Project Owner and any other information reasonably required by Lender.
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Dissolution; Change in Business Status. Section 6.15
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Related to Dissolution; Change in Business Status

  • Change in Business Borrower shall not enter into any line of business other than the ownership and operation of the Property, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.

  • No Change in Business The Issuer covenants that it shall not make any change in the character of its business.

  • Continuation of or Change in Business Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the development, manufacturing, sales and administration of safety products and related items, substantially as conducted and operated by such Loan Party or Subsidiary during the present fiscal year and businesses substantially related, incidental or ancillary thereto.

  • Change of Name or Location; Change of Fiscal Year Such Grantor shall not (a) change its name as it appears in its organizational documents and as filed in such Grantor’s jurisdiction of organization, (b) change its chief executive office, principal place of business, mailing address or corporate offices or change or add warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral, in each case from the locations identified on Exhibit A, (c) change the type of entity that it is, (d) change its organization identification number, if any, issued by its state of incorporation or other organization, or (e) change its state of incorporation or organization, in each case, unless the Administrative Agent shall have received at least fifteen days (or such lesser period of time as the Administrative Agent may agree) prior written notice of such change and the Administrative Agent shall have acknowledged in writing that either (1) such change will not adversely affect the validity, perfection or priority of the Administrative Agent’s security interest in the Collateral, or (2) any reasonable action requested by the Administrative Agent in connection therewith has been completed or taken (including any action to continue the perfection of any Liens in favor of the Administrative Agent, on behalf of Lenders, in any Collateral), provided that, any new location shall be in the continental U.S. Such Grantor shall not change its fiscal year except as permitted under the Credit Agreement.

  • Dissolution Winding Up Termination 27 8.1 Dissolution.......................................................................27 8.2

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

  • Continuation of the Business of the Partnership After Dissolution Upon (a) dissolution of the Partnership following an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Section 11.1 or Section 11.2, then, to the maximum extent permitted by law, within 90 days thereafter, or (b) dissolution of the Partnership upon an event constituting an Event of Withdrawal as defined in Section 11.1(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing as a successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then:

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