Dissolutions, Mergers or Acquisitions Sample Clauses
The 'Dissolutions, Mergers or Acquisitions' clause outlines the procedures and consequences that apply if one of the parties to the agreement undergoes a significant structural change, such as dissolving, merging with another entity, or being acquired. Typically, this clause specifies notification requirements, the rights of the non-affected party, and may allow for termination or renegotiation of the contract if such an event occurs. Its core function is to address the potential impact of major organizational changes on the contractual relationship, ensuring that both parties are protected and aware of their options in the event of a significant corporate restructuring.
Dissolutions, Mergers or Acquisitions. Not to liquidate or dissolve or enter into any consolidation, merger, partnership, pool, joint venture, syndicate or other combination, with respect to Borrower's business or Borrower's Assets as a whole or such portion as in the opinion of Bank, constitutes a substantial part thereof or acquire or purchase any business' assets, except in the ordinary course of Borrower's business or engage in any business activity substantially different from Borrower's present business, provided however, that nothing herein shall prohibit or limit Borrower’s right to enter into any of the foregoing described business transactions (other than liquidation, dissolution or merger whereby the Borrower is not the surviving entity) if in Borrower’s reasonable judgment such transaction represents the most efficient means by which it may acquire or purchase, directly or indirectly, one or more Leases or Indirect Leases, or Loans or Indirect Loan Contracts, or a portfolio of same, all as permitted by the constituent documents of Borrower.
Dissolutions, Mergers or Acquisitions. Not to liquidate or dissolve ------------------------------------- or enter into any consolidation, merger, partnership, pool, joint venture, syndicate or other combination, or sell or dispose of Borrower's business or Borrower's Assets, except in the ordinary course of business, or engage in any business activity substantially different from Borrower's present business that would materially impair Borrower's ability to perform its obligations under this Agreement.