Common use of Merger, Consolidation, Acquisition and Sale of Assets Clause in Contracts

Merger, Consolidation, Acquisition and Sale of Assets. (a) Without the prior written consent of Agent (not to be unreasonably withheld or delayed), enter into any merger, consolidation or other reorganization with or into any other Person or acquire all or a substantial portion of the assets or stock of any Person or permit any other Person to consolidate with or merge with it (except for purchases of Inventory of similar type to that used by Borrower in the ordinary course of its business).

Appears in 3 contracts

Samples: Security Agreement (Delta Woodside Industries Inc /Sc/), Security Agreement (Delta Mills Inc), And Security Agreement (Delta Mills Inc)

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Merger, Consolidation, Acquisition and Sale of Assets. (a) Without the prior written consent of Agent (not to be unreasonably withheld or delayed), enter Enter into any merger, consolidation or other reorganization with or into any other Person or acquire acquire, without the prior written consent of Agent and the Lenders, such consent not to be unreasonably withheld or delayed, all or a substantial portion of the assets or stock of any Person or permit any other Person to consolidate with or merge with it (except for purchases of Inventory of similar type to that used by Borrower in the ordinary course of its business)it.

Appears in 1 contract

Samples: Security Agreement (Champion Parts Inc)

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Merger, Consolidation, Acquisition and Sale of Assets. (a) Without the prior written consent of Agent (Lender’s consent, which shall not to be unreasonably withheld withheld, conditioned, or delayed), enter into any merger, consolidation or other reorganization with or into any other Person or acquire all or a substantial portion of the assets or stock of any Person or permit any other Person to consolidate with or merge with it (except for purchases of Inventory of similar type to that used by Borrower in the ordinary course of its business)it.

Appears in 1 contract

Samples: Credit and Security Agreement (Sifco Industries Inc)

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