Entity Restrictions Clause Samples
Entity Restrictions. The Company shall neither conduct nor permit to occur any reclassification, business combination, spin-off, merger, reorganization, stock sale or other transaction that results in the transfer, sale or distribution (by operation of law or otherwise) of the Company or any subsidiary's stock, or any other action reasonably related thereto.
Entity Restrictions. While any amount of the indebtedness to the Transferring Owner remains unpaid, unless the purchaser and the Transferring Owner agree in writing otherwise, the security documents shall contain affirmative and negative covenants that are customary in commercial loan documents between unrelated parties that shall include, at a minimum, the following restrictions: