Common use of Liquidation or Merger Clause in Contracts

Liquidation or Merger. The Borrower shall not liquidate, dissolve or enter into any consolidation, merger, partnership, joint venture, syndicate, pool or other combination, or convey, sell, assign or lease any substantial part of its assets or business except in the ordinary course of business.

Appears in 3 contracts

Samples: Loan Agreement (Tri-Isthmus Group, Inc.), Loan Agreement (Tri-Isthmus Group, Inc.), Loan Agreement (Tri-Isthmus Group, Inc.)

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Liquidation or Merger. The Borrower shall not and shall not permit any of its Subsidiaries to liquidate, dissolve or enter into any consolidation, merger, partnership, joint venture, syndicate, pool partnership or other combination, or convey, sell, assign purchase or lease any substantial all or the greater part of its the assets or business except in the ordinary course of businessanother Person.

Appears in 2 contracts

Samples: Credit Agreement (Motorcar Parts America Inc), Credit Agreement (Motorcar Parts America Inc)

Liquidation or Merger. The Borrower shall not liquidate, will neither liquidate nor dissolve or nor enter into any consolidation, merger, partnership, joint venture, syndicate, pool or other combination, or nor convey, nor sell, assign nor lease all or lease any substantial the greater part of its assets of business, nor purchase nor lease all or the greater part of the assets or business except in the ordinary course of businessanother.

Appears in 1 contract

Samples: Loan Agreement (Global Election Systems Inc)

Liquidation or Merger. The Borrower shall not liquidate, dissolve or enter into any consolidation, merger, partnership, joint venture, syndicate, pool pool, or other combination, or convey, sell, assign or lease any substantial part of its assets or business except in without the ordinary course prior written consent of businessthe Bank.

Appears in 1 contract

Samples: Loan Agreement (First Physicians Capital Group, Inc.)

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Liquidation or Merger. The No Borrower shall not liquidate, dissolve dissolve, or enter into any consolidation, merger, partnershipsale of substantially all of its assets, joint venture, syndicate, pool or other business combination, and no Borrower shall discontinue or convey, sell, assign or lease any substantial part substantially alter the normal operation of its assets or business except in the ordinary course of businesstheir respective businesses.

Appears in 1 contract

Samples: Loan Agreement (Future Now Group Inc.)

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