Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Shall not dissolve or liquidate, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise, all or a substantial part (more than 10% in the aggregate during the term hereof) of the assets of any Person, or sell, transfer, lease or otherwise dispose of all or a substantial part (more than 10% in the aggregate during the term hereof) of its property or assets, except for the sale of Inventory in the ordinary course of business, or sell or dispose of any equity ownership interests in any Subsidiary.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Unless such event has been previously approved by Bank in its sole discretion, Borrower shall not dissolve or liquidate, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise, all or a substantial part of the assets of any Person, or sell, transfer, lease or otherwise dispose of all or a substantial part of its property or assets, except for the sale of Inventory in the ordinary course of business.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Borrower shall not, and shall not permit any of its Subsidiaries to, (a) dissolve or liquidate, (b) become a party to any merger or consolidation unless Borrower or the particular Subsidiary is the surviving corporation, or (c) sell, transfer, lease, or otherwise dispose of any property in excess of $500,000 in the aggregate in any fiscal year or assets, except in the ordinary course of business for fair and adequate consideration.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Borrower will not, and will ensure each REO Affiliate does not, dissolve or liquidate, or become a party to any merger or consolidation unless Borrower or the REO Affiliate, as applicable, shall be the surviving entity of its property or assets or business, provided, however, that the foregoing shall not operate to prevent a merger of any Person into the Borrower; provided, however, that Borrower shall be the surviving or continuing corporation and, after giving effect to such merger or consolidation:
(a) Borrower or shall be in full compliance with the terms of this Agreement; and (b) the management of Borrower shall be substantially unchanged.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. The Borrower will not dissolve or liquidate, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise all or substantially all of the assets or capital stock of any Person, or sell, transfer, lease, or otherwise dispose of all or any substantial part of its property or assets or business without first advising Bank of such change or transaction.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Shall not dissolve or liquidate, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise, all or a substantial part (more than 10% in the aggregate during the term hereof) of the assets of any Person, or sell, transfer, lease or otherwise dispose of all or a substantial part (more than 10% in the aggregate during the term hereof) of its property or assets, except for the sale of Inventory in the ordinary course of business, or sell or dispose of any equity ownership interests in any Subsidiary; provided, however, that the Banks shall not unreasonably withhold their consent to an acquisition of or merger with another entity provided the Borrower is the surviving entity and the Borrower has provided evidence reasonably satisfactory to the Banks that no Default will exist and such transaction will not have a Material Adverse Effect on Borrower.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Neither the Company nor any Realty Company will dissolve or liquidate, or become a party to any merger or consolidation unless the Company shall be the surviving entity of its property or assets or business.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. The Borrower shall not dissolve or liquidate, or become a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its property, assets or business, except in accordance with, and in the manner provided for under, Section 6.1.1 or Section 6.12.4 of the HAT Exchange Agreement and except for the WFFF Disposition.
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. No member of the Obligated Group shall dissolve or liquidate, or become a party to any merger or consolidation, or sell, transfer, lease, or otherwise dispose of all or any substantial part of its property or assets or business; provided, however, that the foregoing shall not operate to prevent:
(i) Mergers or consolidations of any member of the Obligated Group into the Company or of any member of the Obligated Group into another member of the Obligated Group or a sale, transfer or lease of assets by any member of the Obligated Group to any other member of the Obligated Group, so long as, after giving effect to the merger or consolidation, the Company shall be in full compliance with the terms of this Loan Agreement; or
(ii) A merger of any Person into any member of the Obligated Group; provided, however, that such member of the Obligated Group shall be the surviving or continuing Person and, after giving effect to the merger or consolidation, the Company shall be in full compliance with the terms of this Loan Agreement. AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
Liquidation, Mergers, Consolidations and Dispositions of Substantial Assets. Except with the prior written approval of the Lender, which the Lender may reasonably withhold, Borrower shall not dissolve or liquidate, or become a party to any merger or consolidation, or acquire by purchase, lease or otherwise, all or a substantial part (more than 10% in the aggregate during the term hereof) of the assets of any Person, or sell, transfer, lease or otherwise dispose of all or a substantial part (more than 10% in the aggregate during the term hereof) of its property or assets, other than the sale of inventory in the ordinary course of business.
