Common use of Loan Proceeds Note Guarantor May Consolidate, etc., Only on Certain Terms Clause in Contracts

Loan Proceeds Note Guarantor May Consolidate, etc., Only on Certain Terms. A Loan Proceeds Note Guarantor shall not, in a single transaction or a series of related transactions, (a) consolidate with or merge into any other person or persons (other than, with respect to a Loan Proceeds Note Guarantor that is a Subsidiary, the Issuer or another Loan Proceeds Note Guarantor that is a Subsidiary) or permit any other person (other than, with respect to a Loan Proceeds Note Guarantor that is a Subsidiary, another Loan Proceeds Note Guarantor that is a Subsidiary) to consolidate with or merge into such Loan Proceeds Note Guarantor or (b) except to another Loan Proceeds Note Guarantor, directly or indirectly, transfer, sell, lease, convey or otherwise dispose of all or substantially all its assets to any other person or persons (other than, (w) with respect to a Loan Proceeds Note Guarantor that is a Subsidiary, the Issuer or another Loan Proceeds Note Guarantor that is a Subsidiary, (x) any transfer of Securitization Assets to a Securitization Subsidiary in connection with a Qualified Securitization Facility permitted under Section 9.08(b)(xxvii), (y) any transfer of Receivables to a Receivables Subsidiary in connection with a Qualified Receivables Facility permitted under Section 9.08(b)(xxviii), or (z) any transfer of Digital Products to a Digital Products Subsidiary in connection with a Qualified Digital Products Facility permitted under Section 9.08(b)(xxx)), unless:

Appears in 8 contracts

Samples: Indenture (Qwest Corp), Indenture (Qwest Corp), Indenture (Qwest Corp)

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