Limitations on Mergers and Liquidation. Merge, consolidate or enter into any similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), except: (a) The merger of Angeles Mortgage Investment Trust into IPT; (b) Any Subsidiary may merge into the Person such Subsidiary was formed to acquire in connection with an acquisition permitted by Section 9.4(c); and (c) Any Person may merge with IPT or the Borrower, provided such Person is engaged in a similar or complementary line of business to that of IPT or the Borrower, no Event of Default shall result from such merger and IPT or the Borrower shall be the surviving Person.
Appears in 18 contracts
Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Broad River Properties L L C), Credit Agreement (Cooper River Properties LLC)
