Limitations on Fundamental Changes. Borrowers shall not change the nature of their respective businesses or their names, grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary without the prior written consent of the Bank, nor shall it enter into any transaction of merger or consolidation, nor liquidate or dissolve itself (nor suffer any liquidation or dissolution).
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Compressco Inc), Loan Agreement (Compressco Inc)
Limitations on Fundamental Changes. Borrowers The Borrower and the Guarantor shall not change the nature of their respective businesses or their namesbusiness, grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary without the prior written consent of the Bank, nor shall it the Borrower or the Guarantor enter into any transaction of merger or consolidation, nor or liquidate or dissolve itself (nor or suffer any liquidation or dissolution).
Appears in 2 contracts
Samples: Loan Agreement (Omni Energy Services Corp), Loan Agreement (Omni Energy Services Corp)
Limitations on Fundamental Changes. Borrowers Borrower shall not change the nature of their respective businesses its business or their namesits name (other than the presently anticipated name change of Borrower to Compresco, Inc.), grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary without the prior written consent of the Bank, nor shall it enter into any transaction of merger or consolidation, nor liquidate or dissolve itself (nor suffer any liquidation or dissolution).
Appears in 1 contract
Samples: Loan Agreement (Emerging Alpha Corp)
Limitations on Fundamental Changes. Borrowers Debtor shall not change the nature of their respective businesses or their namesits business, grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary or enter into any transaction of merger or consolidation without the prior written consent of the Bank, nor shall it enter into any transaction of merger or consolidation, nor liquidate or dissolve itself (nor suffer any liquidation or dissolution)itself.
Appears in 1 contract
Samples: Loan Agreement (Fair Grounds Corp)
Limitations on Fundamental Changes. Borrowers The Debtor shall not change the nature of their respective businesses or their namesits businesses, grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary without the prior written consent of the Bank, nor shall it enter into any transaction of merger or consolidation, nor or liquidate or dissolve itself (nor or suffer any liquidation or dissolution).
Appears in 1 contract
Samples: Loan Agreement (Fair Grounds Corp)
Limitations on Fundamental Changes. Borrowers Borrower shall not change the nature of their respective businesses or their namesits business, grant credit terms to its customers on terms different than those presently granted to customers, or form any subsidiary without the prior written consent of the Bank, nor shall it Borrower enter into any transaction of merger or consolidation, nor or liquidate or dissolve itself (nor or suffer any liquidation or dissolution).
Appears in 1 contract
Limitations on Fundamental Changes. Borrowers The Borrower shall not change the nature its line of their respective businesses or their names, grant credit terms to its customers on terms different than those presently granted to customersbusiness, or form any subsidiary without the prior written consent of the Bank, nor shall it the Borrower enter into any transaction of merger or consolidation, nor or liquidate or dissolve itself (nor or suffer any liquidation or dissolution).
Appears in 1 contract
Samples: Loan Agreement (LHC Group, Inc)