Merger and/or Consolidation Sample Clauses

Merger and/or Consolidation. Upon the merger of one or more entities into TRII or upon a consolidation of TRII and one or more entities in which TRII shall be the surviving entity, thereafter, upon any exercise under this Option Agreement to purchase Option Shares, the Holder shall, at no additional cost, be entitled to receive in lieu of the number of shares of TRII Common Stock as to which this Option Agreement shall then be so exercisable, the number and class of shares of stock or other securities to which the Holder would have been entitled pursuant to the terms of any such agreement of merger or consolidation if, immediately prior to such merger or consolidation, the Holder had been the Holder of record of a number of shares of TRII Common Stock equal to the number of Option Shares as to which this Option Agreement remains to be so exercise provided, that anything contained herein to the contrary notwithstanding,
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Merger and/or Consolidation. Notwithstanding the foregoing provisions of subparagraph (a) hereof, Tenant may, without Landlord's prior written consent or approval, merge with or consolidate with or merge into any other corporation or entity, convey or transfer all or substantially all of its assets to any other corporation or entity, or permit any other corporation or entity to consolidate with or merge into it upon the following conditions: (i) the corporation or entity that results from such consolidation or merger or the transferee to which such sale shall have been made (hereinafter defined as the "Surviving Entity") shall have a net worth, computed in accordance with generally accepted accounting principles, consistently applied at least equal to or greater than the greatest net worth of Tenant during the twelve (12) months immediately preceding such consolidation, merger or transfer, and (ii) the Tenant shall provide Landlord with at least ten (10) days written notice of said proposed merger, consolidation, conveyance, and/or transfer, and (iii) Tenant shall remain liable for the full performance of each and every covenant and condition hereunder. -4- <PAGE> 3.
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Merger and/or Consolidation. Section 1. In the event Metro Government and another governmental entity merges or consolidates any function or service performed by Members, the Union shall be given ninety (90) days’ advance written notice by Metro Government of such action. A meeting with the Union shall be promptly held following the notice to discuss the impact of the consolidation and/or merger on Members.
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Related to Merger and/or Consolidation

  • Merger or Consolidation Section 8.11

  • Merger or Consolidation of the Company The Company shall keep in full effect its existence, rights and franchises as a corporation, and shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement. Any person into which the Company may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Company shall be a party, or any Person succeeding to the business of the Company, shall be the successor of the Company hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, provided, however, that the successor or surviving Person shall be an institution (i) having a net worth of not less than $25,000,000, (ii) whose deposits are insured by the FDIC through the BIF or the SAIF, and (iii) which is a Xxxxxx Xxx and Xxxxxxx Mac-approved company in good standing.

  • Effect of Merger or Consolidation (a) At the effective time of the certificate of merger:

  • Merger or Consolidation of the Seller The Seller will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall have a net worth of at least $25,000,000.

  • Merger and Consolidation The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, unless:

  • Merger or Consolidation of Trustee Any corporation into which the Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be eligible under the provisions of Section 8.06 hereof without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

  • Merger or Consolidation of Warrant Agent Any corporation into which the Warrant Agent may be merged or with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act.

  • Merger, Consolidation The Borrower will not, and will not permit or cause any of its Subsidiaries to, liquidate, wind up or dissolve, or enter into any consolidation, merger or other combination, or agree to do any of the foregoing; provided, however, that:

  • Merger or Consolidation of Custodian Any Person into which the Custodian may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Custodian shall be a party, or any Person succeeding to the business of the Custodian, shall be the successor of the Custodian hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

  • Procedure for Merger or Consolidation Merger or consolidation of the Partnership pursuant to this Article XIV requires the prior approval of the General Partner. If the General Partner shall determine, in the exercise of its discretion, to consent to the merger or consolidation, the General Partner shall approve the Merger Agreement, which shall set forth:

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