Common use of Liquidations, Mergers, Consolidations Clause in Contracts

Liquidations, Mergers, Consolidations. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, dissolve, liquidate or wind-up its affairs, or become a party to any merger or consolidation (including, in each case, pursuant to a Delaware LLC Division); provided that (i) any Loan Party other than a Borrower may consolidate or merge into another Loan Party which is wholly-owned by one or more of the other Loan Parties, (ii) any Subsidiary of the Borrowers may liquidate, dissolve or wind-up its affairs and sell, convey, assign, lease, abandon or otherwise transfer or dispose of all of its assets if the Borrowers determines that such action is in the best interests of the Borrower and is not materially disadvantageous to the Lenders and such action is otherwise permitted pursuant to Section 8.2.8 [Dispositions of Assets or Subsidiaries], (iii) any Subsidiary of the Borrowers may merge or consolidate with any other Person in connection with any transaction permitted pursuant to Section 8.2.8 [Dispositions of Assets or Subsidiaries], and (iv) the Borrowers may dissolve the Dormant Subsidiaries in accordance with Section 8.1.1 [Preservation of Existence, Etc.].

Liquidations, Mergers, Consolidations. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, dissolve, liquidate or wind-up its affairs, or become a party to any merger or consolidation (including, in each case, pursuant to a Delaware LLC Division)consolidation; provided that that (i) any Loan Party other than a the Borrower may consolidate or merge into another Loan Party which is wholly-owned by one or more of the other Loan Parties, Party; (ii) any Subsidiary which is not a Loan Party may merge with and into the Borrower or any other Subsidiary of the Borrowers Borrower; (iii) any Subsidiary of the Borrower (other than a Loan Party) may liquidate, dissolve or wind-up its affairs and sell, convey, assign, lease, abandon or otherwise transfer or dispose of all of its assets if the Borrowers Borrower determines that such action is in the best interests of the Borrower and is not materially disadvantageous to the Lenders and such action is otherwise permitted pursuant to Section 8.2.8 [Dispositions of Assets or Subsidiaries], Lenders; and (iiiiv) any Subsidiary of the Borrowers Borrower may merge or consolidate with any other Person in connection with any transaction permitted pursuant to under Section 8.2.8 8.2.4 [Dispositions Loans and Investments] or Section 8.2.6 [Disposition of Assets or Subsidiaries], and (iv) the Borrowers may dissolve the Dormant Subsidiaries in accordance with Section 8.1.1 [Preservation of Existence, Etc.].

Liquidations, Mergers, Consolidations. Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, dissolve, liquidate or wind-up its affairs, or become a party to any merger or consolidation (including, in each case, pursuant to a Delaware LLC Division)consolidation; provided that (i) any Loan Party other than a the Borrower may consolidate or merge into another Loan Party which is wholly-owned by one or more of the other Loan Parties, Party; (ii) any Subsidiary which is not a Loan Party may merge with and into the Borrower or any other Subsidiary of the Borrowers Borrower; (iii) any Subsidiary of the Borrower (other than a Loan Party) may liquidate, dissolve or wind-up its affairs and sell, convey, assign, lease, abandon or otherwise transfer or dispose of all of its assets if the Borrowers Borrower determines that such action is in the best interests of the Borrower and is not materially disadvantageous to the Lenders Lenders; and such action is otherwise permitted pursuant to Section 8.2.8 [Dispositions of Assets or Subsidiaries], (iiiiv) any Subsidiary of the Borrowers Borrower may merge or consolidate with any other Person in connection with any transaction permitted pursuant to under Section 8.2.8 8.2.4 [Dispositions Loans and Investments] or Section 8.2.6 [Disposition of Assets or Subsidiaries], and (iv) the Borrowers may dissolve the Dormant Subsidiaries in accordance with Section 8.1.1 [Preservation of Existence, Etc.].