Common use of Merger and Demerger Clause in Contracts

Merger and Demerger. The Borrower shall not, and shall ensure that no other Security Party will, enter into any amalgamation, merger, demerger or corporate restructuring without the prior written consent of all Lenders (such consent not to be unreasonably withheld).

Appears in 2 contracts

Samples: www.lw.com, Teekay Offshore Partners L.P.

AutoNDA by SimpleDocs

Merger and Demerger. The Borrower shall not, and shall ensure that no other Security Party will, enter into any amalgamation, merger, demerger or corporate restructuring without the prior written consent of all Lenders (such consent not to be unreasonably withheld)) save (in the case of the Borrower or the Pledgor) where the Borrower or the Pledgor is the surviving entity of any such amalgamation, merger, demerger or corporate restructuring.

Appears in 1 contract

Samples: Teekay Corp

AutoNDA by SimpleDocs

Merger and Demerger. The Borrower shall not, and shall ensure that no other Security Party will, enter into any amalgamation, merger, demerger or corporate restructuring without the prior written consent of all Lenders (such consent not to be unreasonably withheld)) unless, in the case of the Borrower, the Borrower is the surviving entity of any such amalgamation, merger, demerger or corporate restructuring.

Appears in 1 contract

Samples: Loan Agreement (Teekay Tankers Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.