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Common use of Dissolution, etc Clause in Contracts

Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing the dissolution of such Loan Party or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing a split-up of such Loan Party or such Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 days; or

Appears in 6 contracts

Samples: Credit Agreement (Alexander & Baldwin, Inc.), Credit Agreement (Alexander & Baldwin, Inc.), Credit Agreement (Alexander & Baldwin, Inc.)

Dissolution, etc. (i) Any order, judgment or decree is entered in ----------------- any proceedings against any Loan Party the Borrower or any Significant Material Subsidiary decreeing the dissolution of such Loan Party Borrower or such Significant Material Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Material Subsidiary decreeing a split-up of such Loan Party the Borrower or such Significant Material Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Material Subsidiary whose assets represent a substantial part of Consolidated Total Assets the consolidated assets of the Borrower or (B) assets or the stock of or other ownership interest in a Significant Material Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

Dissolution, etc. (i) Any order, judgment or decree is entered in ----------------- any proceedings against any Loan Party the Borrower or any Significant Subsidiary decreeing the dissolution of such Loan Party Borrower or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Subsidiary decreeing a split-up of such Loan Party the Borrower or such Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing the dissolution of such Loan Party or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing a split-up of such Loan Party or such CHAR1\1436963v5 Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 days; or

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin, Inc.)

Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Subsidiary decreeing the dissolution of such Loan Party Borrower or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Subsidiary decreeing a split-up of such Loan Party the Borrower or such Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)

Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing the dissolution of such Loan Party or such Significant Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 days; or or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party or any Significant Subsidiary decreeing a split-up of such Loan Party or such Significant Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Subsidiary whose assets represent a substantial part of Consolidated Total Assets or (B) assets or the stock of or other ownership interest in a Significant Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 days; oror (h)

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin, Inc.)

Dissolution, etc. (i) Any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Material Subsidiary decreeing the dissolution of such Loan Party Borrower or such Significant Material Subsidiary and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or (ii) any order, judgment or decree is entered in any proceedings against any Loan Party the Borrower or any Significant Material Subsidiary decreeing a split-up of such Loan Party the Borrower or such Significant Material Subsidiary which requires the divestiture of (A) assets representing a substantial part, or the stock of, or other ownership interest in, a Significant Material Subsidiary whose assets represent a substantial part of Consolidated Total Assets the consolidated assets of the Borrower or (B) assets or the stock of or other ownership interest in a Significant Material Subsidiary that has contributed a substantial part of Consolidated Net Income for any of the three fiscal years then most recently ended, and such order, judgment or decree remains unstayed and in effect for more than 45 30 days; or

Appears in 1 contract

Samples: Credit Agreement (Alexander & Baldwin Inc)