Common use of Limitation on Mergers, Issuances of Securities Clause in Contracts

Limitation on Mergers, Issuances of Securities. Except as expressly provided in this subsection no Restricted Person will merge or consolidate with or into any other business entity. Provided that no Default is existing or shall occur as a result thereof, (a) any Subsidiary of Borrower may, however, be merged into or consolidated with (i) another Subsidiary of Borrower, or (ii) Borrower, so long as Borrower is the surviving business entity; and (

Limitation on Mergers, Issuances of Securities. Except as expressly provided in this subsection no No Restricted Person will merge or consolidate with or into any other business entity. Provided Person, except that no Default is existing or shall occur as a result thereof, (a) any Subsidiary of Borrower may, however, may be merged into or consolidated with (ia) another Subsidiary of Borrower, so long as a Guarantor is the surviving business entity, or (iib) Borrower, so long as Borrower is the surviving business entity; and (. No Restricted Person will issue any Disqualified Capital Stock. Each Restricted Subsidiary of Borrower shall be Controlled by Borrower.