Common use of Merge, Consolidate or Sell Clause in Contracts

Merge, Consolidate or Sell. Guarantor shall not merge or consolidate with or into another entity, or lease or sell all or substantially all of its property and business to any other entity or entities without Lender’s written consent. Guarantor further agrees that no member of Guarantor shall sell, dispose or transfer any ownership interest in Guarantor in a single or series of transactions without the express consent of the Lender.

Appears in 4 contracts

Samples: Guaranty (Wsi Industries, Inc.), Guaranty (Wsi Industries, Inc.), Guaranty (Wsi Industries, Inc.)

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Merge, Consolidate or Sell. Guarantor shall not merge Merge or consolidate with or into another entity, or lease or sell all or substantially all of its property and business to any other entity or entities without Lender’s written consententities. Guarantor further agrees that no member of Guarantor shall not sell, dispose or transfer any ownership interest in Guarantor the borrower in a single or series of transactions without the express consent of the Lender, which consent may be withheld or granted in Lender’s sole and absolute discretion.

Appears in 2 contracts

Samples: Private Equity Loan Agreement (Upholstery International, Inc.), Private Equity Loan Agreement (Upholstery International, Inc.)

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Merge, Consolidate or Sell. Guarantor shall not merge Merge or consolidate with or into another entity, or lease or sell all or substantially all of its property and business to any other entity or entities without Lender’s written consententities. Guarantor further agrees that no member of Guarantor shall not sell, dispose or transfer any ownership interest in Guarantor the Borrower in a single or series of transactions without the express consent of the Lender, which consent may be withheld or granted in Lender's sole and absolute discretion.

Appears in 1 contract

Samples: Loan Agreement (Summer Energy Holdings Inc)

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