Common use of Limitation on Mergers, Etc Clause in Contracts

Limitation on Mergers, Etc. It shall not consolidate with or merge with or into any Person or liquidate or dissolve, or transfer all or substantially all of its assets to any Person except, in the case of the Issuer, by way of the grant of a lien to the Indenture Trustee pursuant to the Transaction Documents, or, except as expressly permitted by the Transaction Documents, transfer any of its assets to any Person.

Appears in 9 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC), Insurance and Indemnity Agreement (Americredit Automobile Receivable Trust 2005-D-A)

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Limitation on Mergers, Etc. It In the case of the Seller and the Issuing Entity, it shall not consolidate with or merge with or into any Person or liquidate or dissolve, or transfer all or substantially all of its assets to any Person except, in the case of the IssuerIssuing Entity, by way of the grant of a lien to the Indenture Trustee pursuant to the Transaction Documents, or, except as expressly permitted by the Transaction Documents, transfer any of its assets to any Person.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2007-B), Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2006-B)

Limitation on Mergers, Etc. It shall not consolidate with or merge with or into any Person or liquidate or dissolve, or transfer all or substantially all of its assets to any Person except, in the case of the IssuerIssuing Entity, by way of the grant of a lien to the Indenture Trustee pursuant to the Transaction Documents, or, except as expressly permitted by the Transaction Documents, transfer any of its assets to any Person.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC)

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Limitation on Mergers, Etc. It In the case of the Transferor and the Issuer, it shall not consolidate with or merge with or into any Person or liquidate or dissolve, or transfer all or substantially all of its assets to any Person except, in the case of the Issuer, by way of the grant of a lien to the Indenture Trustee pursuant to the Transaction Documents, or, except as expressly permitted by the Transaction Documents, transfer any of its assets to any Person.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (United Pan Am Financial Corp)

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