Common use of Merger, Consolidation, Acquisition Clause in Contracts

Merger, Consolidation, Acquisition. Borrowers will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowers; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the Agent's written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 2 contracts

Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.)

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Merger, Consolidation, Acquisition. Borrowers will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowerseither Borrower; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the AgentBank's written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Revolver Loan Agreement (Empire Petroleum Corp)

Merger, Consolidation, Acquisition. Borrowers Borrower will not merge or consolidate with or into any other Person; or permit any Person to merge into BorrowersBorrower; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers Borrower may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the Agent's Bank’s written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Revolver Loan Agreement (Viking Energy Group, Inc.)

Merger, Consolidation, Acquisition. Borrowers The Borrower will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowersthe Borrower; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers the Borrower may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the AgentBank's written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Revolver Loan Agreement (Viking Investments Group, Inc.)

Merger, Consolidation, Acquisition. Borrowers will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowers; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the Agent's Bank’s written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Revolver Loan Agreement (Energy 11, L.P.)

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Merger, Consolidation, Acquisition. Borrowers Borrower will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowersthe Borrower; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; or acquire any properties or assets other than in the normal and ordinary course of business; provided, however, Borrowers the Borrower may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the Agent's Lenders’ written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Loan Agreement (NYTEX Energy Holdings, Inc.)

Merger, Consolidation, Acquisition. Borrowers will not merge or consolidate with or into any other Person; or permit any Person to merge into Borrowers; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the Agent's Bank’s written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.. 6.21

Appears in 1 contract

Samples: Loan Agreement

Merger, Consolidation, Acquisition. Borrowers Borrower will not merge or consolidate with or into any other Person; or permit any Person to merge into BorrowersBorrower; or acquire all or substantially all of the assets or properties or capital stock of any other Person; or adopt or effect any plan of reorganization, recapitalization, liquidation or dissolution; provided, however, Borrowers Borrower may enter into letters of intent pertaining to merger, consolidation or acquisition subject to obtaining the AgentBank's written consent thereto prior to consummation of the transactions contemplated by such letter(s) of intent.

Appears in 1 contract

Samples: Senior Revolver Loan Agreement (Empire Petroleum Corp)

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