Common use of Merger and Sales of Assets by the Company Clause in Contracts

Merger and Sales of Assets by the Company. The Company shall not consolidate with, merge into or transfer all or substantially all of its assets to another Person unless: (a) such Person (if other than the Company) is a corporation organized under the laws of the United States or any state thereof or the District of Columbia and expressly assumes all the obligations of the Company under this Indenture and the Notes; and (b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.

Merger and Sales of Assets by the Company. The Company shall not consolidate with, merge into or transfer all or substantially all of its assets to another Person unless: (a) such Person (if other than the Company) is a corporation organized under the laws of the United States or any state thereof or the District of Columbia and expressly assumes all the obligations of the Company under this the Indenture and the Notes; and (b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing.