Common use of Merger, Acquisition, Sale of Assets and Liquidation Clause in Contracts

Merger, Acquisition, Sale of Assets and Liquidation. The Parent will --------------------------------------------------- not, and will not permit or cause any Material Subsidiary to, enter into any merger or consolidation with any Pledged Subsidiary, and the Parent will not, and will not permit or cause any Subsidiary whose assets (excluding intercompany accounts) comprise greater than ten percent (10%) of Consolidated Total Assets, to wind up, liquidate or dissolve its affairs, or enter into any transaction of merger or consolidation with any other Person, or sell or otherwise dispose of all or substantially all of its assets to any other Person; provided, however, -------- ------- that

Merger, Acquisition, Sale of Assets and Liquidation. The Parent Borrower will --------------------------------------------------- not, and will not permit or cause any Material Subsidiary to, enter into any merger or consolidation with any Pledged Subsidiary, and the Parent Borrower will not, and will not permit or cause any Subsidiary whose assets (excluding intercompany accounts) comprise greater than ten percent (10%) of Consolidated Total Assets, to wind up, liquidate or dissolve its affairs, or enter into any transaction of merger or consolidation with any other Person, or sell or otherwise dispose of all or substantially all of its assets to any other Person; provided, however, -------- ------- that

Merger, Acquisition, Sale of Assets and Liquidation. The Parent will --------------------------------------------------- not, and will not permit or cause any Material Subsidiary to, enter into any merger or consolidation with any Pledged Subsidiary, and the Parent will not, and will not permit or cause any Subsidiary whose assets (excluding intercompany accounts) comprise greater than ten percent (10%) of Consolidated Total Assets, to wind up, liquidate or dissolve its affairs, or enter into any transaction of merger or consolidation with any other Person, or sell or otherwise dispose of all or substantially all of its assets to any other Person; provided, however, -------- ------- that