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