Common use of Liquidation or Merger Clause in Contracts

Liquidation or Merger. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more Subsidiaries; provided, however, that the Borrower is the surviving corporation, or (ii) a merger between or among two or more Subsidiaries, or (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a Subsidiary of the Borrower is the surviving corporation.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

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Liquidation or Merger. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more of its Subsidiaries; provided, however, that provided the Borrower is the surviving corporation, or (ii) a merger between or among two or more SubsidiariesSubsidiaries of the Borrower, or (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a Subsidiary of the Borrower is the surviving corporationcorporation or the surviving corporation becomes a Subsidiary of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Advanced Communications Group Inc/De/)

Liquidation or Merger. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more of its Subsidiaries; provided, however, that provided the Borrower is the surviving corporation, or (ii) a merger between or among two or more SubsidiariesSubsidiaries of the Borrower, or (iii) in connection with an Acquisition acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a Subsidiary of the Borrower is the surviving corporation.. 60

Appears in 1 contract

Samples: Loan Agreement (Paging Network Inc)

Liquidation or Merger. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more Subsidiaries; provided, however, that provided the Borrower is the surviving corporation, or (ii) a merger between or among two or more Subsidiaries, or (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a Subsidiary of the Borrower Subsidiary, is the surviving corporation.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

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Liquidation or Merger. The Borrower shall not, and shall not permit any of its the Borrower's Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more Subsidiaries; provided, however, that provided the Borrower is the surviving corporation, or (ii) a merger between or among two or more Subsidiaries, or (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a its Subsidiary of the Borrower is the surviving corporation.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

Liquidation or Merger. The Borrower shall not, and shall not permit any of its Subsidiaries to, at any time liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger, other than (i) a merger or consolidation among the Borrower and one or more of its Subsidiaries; provided, however, that provided the Borrower is the surviving corporation, or (ii) a merger between or among two or more SubsidiariesSubsidiaries of the Borrower, or (iii) in connection with an Acquisition acquisition permitted hereunder effected by a merger in which the Borrower or, in a merger in which the Borrower is not a party, a Subsidiary of the Borrower is the surviving corporation.

Appears in 1 contract

Samples: Loan Agreement (Paging Network Inc)

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