Common use of Merger; Consolidation; Business Acquisitions; Subsidiaries Clause in Contracts

Merger; Consolidation; Business Acquisitions; Subsidiaries. Borrower will not (a) merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, or form any new Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Consolidated Stainless Inc)

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Merger; Consolidation; Business Acquisitions; Subsidiaries. Borrower and Guarantors will not (a) merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, any of them or form any new Subsidiaries, provided that, any Guarantor may be merged into Borrower or any other Guarantor without violating this Section.

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

Merger; Consolidation; Business Acquisitions; Subsidiaries. Neither Borrower nor Guarantor will not (a) merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, or form any new Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Imaging Services Inc)

Merger; Consolidation; Business Acquisitions; Subsidiaries. Neither Borrower will not nor any Guarantor (a) will merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, except for those mergers, consolidations or acquisitions with each other, or (b) form any new Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

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Merger; Consolidation; Business Acquisitions; Subsidiaries. No Borrower will not (a) merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, or form any new Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (InfoLogix Inc)

Merger; Consolidation; Business Acquisitions; Subsidiaries. Borrower No Obligor will not (a) merge into or consolidate with any Person, or (b) acquire any material portion of the stock, ownership interests, assets or business of any Person, permit any Person to merge into it, or form any new Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

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