Limitations on Mergers and Sales of Assets. The Company shall not consolidate with or merge into another corporation, or sell, other than for cash or lease, all or substantially all of its assets to another corporation, or purchase all or substantially all the assets of another corporation, unless: (i) either L Brands, Inc. is the continuing corporation or the successor corporation (if other than L Brands, Inc.) expressly assumes by supplemental indenture the obligations of the Notes (in which case, except in the case of such a lease, the Company will be discharged from such obligations); and (ii) immediately after the merger, consolidation, sale or lease, no Default shall have occurred and be continuing.
Appears in 3 contracts
Samples: Third Supplemental Indenture (L Brands, Inc.), Second Supplemental Indenture (L Brands, Inc.), First Supplemental Indenture (L Brands, Inc.)
Limitations on Mergers and Sales of Assets. The Company shall not consolidate with or merge into another corporation, or sell, sell other than for cash or lease, lease all or substantially all of its assets to another corporation, or purchase all or substantially all the assets of another corporation, unless:
(i) either L Limited Brands, Inc. is the continuing corporation or the successor corporation (if other than L Limited Brands, Inc.) expressly assumes by supplemental indenture the obligations of the Notes (in which case, except in the case of such a lease, the Company will be discharged from such obligations); and
(ii) immediately after the merger, consolidation, sale or lease, no Default shall have occurred and be continuing.
Appears in 3 contracts
Samples: Fifth Supplemental Indenture (Intimate Brands Holding, LLC), Third Supplemental Indenture (Limited Brands Inc), Senior Notes Indenture (Limited Brands Inc)
Limitations on Mergers and Sales of Assets. The Company shall not consolidate with or merge into another corporation, or sell, sell other than for cash or lease, lease all or substantially all of its assets to another corporation, or purchase all or substantially all the assets of another corporation, unless:
(i) either L Brands, Inc. is the continuing corporation or the successor corporation (if other than L Brands, Inc.) expressly assumes by supplemental indenture the obligations of the Notes (in which case, except in the case of such a lease, the Company will be discharged from such obligations); and
(ii) immediately after the merger, consolidation, sale or lease, no Default shall have occurred and be continuing.
Appears in 1 contract
Limitations on Mergers and Sales of Assets. The Company shall not consolidate with or merge into another corporation, or sell, sell other than for cash or lease, lease all or substantially all of its assets to another corporation, or purchase all or substantially all the assets of another corporation, unless:
(i) either L Limited Brands, Inc. is the continuing corporation or the successor corporation (if other than L Limited Brands, Inc.) expressly assumes by supplemental indenture the obligations of the Notes (in which case, except in the case of such a lease, the Company will be discharged from such obligations); and
(ii) immediately after the merger, consolidation, sale or lease, no Default shall have occurred and be continuing.β
Appears in 1 contract
Samples: Third Supplemental Indenture (Bath & Body Works Brand Management, Inc.)
