Common use of Merger and Dissolution Clause in Contracts

Merger and Dissolution. Liquidate or dissolve, or enter into any consolidation, merger, syndicate or other combination or sell, lease or dispose of its business or assets as a whole or in such part, as in the opinion of Lender, constitutes a substantial portion of its business or assets.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pluma Inc), Loan and Security Agreement (Pluma Inc)

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Merger and Dissolution. Liquidate Liquidate, windup or dissolve, or enter into any consolidation, merger, share exchange, syndicate or other combination combination, or sell, lease or dispose of, in a single transaction or a series of related transactions, its business or assets as a whole or in such part, part as in the opinion of Lender, the Bank or MIDFA constitutes a substantial portion of its business or assetsassets or change its name.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Chesapeake Biological Laboratories Inc)

Merger and Dissolution. Liquidate or dissolve, or enter into any consolidation, merger, syndicate or other combination or sell, lease or dispose of, in a single transaction or a series of related transactions, its business or assets as a whole or in such part, part as in the opinion of Lender, Bank constitutes a substantial portion of its business or assets.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line Inc/Va)

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Merger and Dissolution. Liquidate or dissolve, or enter into any consolidation, merger, syndicate or other combination or sell, lease or dispose of its either Borrower’s business or assets as a whole or in such part, part as in the opinion of Lender, Lender constitutes a substantial portion of its either Borrower’s business or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

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