Merger, Consolidation, Dissolution, and Sale. (i) Merge or consolidate with any other entity (other than a merger or consolidation with an entity that is controlled by or is under common control with the Borrower; provided that (a) the Borrower is the corporation surviving such merger or consolidation and (b) no material adverse effect on the business condition (financial or otherwise) or operations of the Borrower or on the ability of the Borrower to perform its obligations under this Agreement or any Note results therefrom); (ii) dissolve or terminate its legal existence; (iii) sell, lease, transfer or otherwise dispose of any substantial part of its properties or any of its properties essential to the conduct of its business or operations, as now or hereafter conducted, except for leases of decoders and other equipment entered into between the Borrower and its subscribers; or (iv) enter into any agreement to do any of the foregoing.
Merger, Consolidation, Dissolution, and Sale. Except as permitted by the Indenture, merge or consolidate with any other entity; dissolve or terminate its legal existence; sell, lease, transfer or otherwise dispose of any substantial part of its properties or any of its properties essential to the conduct of its business or operations, as now or hereafter conducted; or enter into any agreement to do any of the foregoing.
Merger, Consolidation, Dissolution, and Sale. (i)The Borrower shall not merge or consolidate with any other Person, dissolve or terminate its legal existence, or, directly or indirectly, sell, lease, transfer or otherwise dispose of, or permit any of its Material Subsidiaries to sell, lease, transfer or otherwise dispose of all or substantially all of the properties of the Borrower and its Material Subsidiaries (taken as a whole), unless in each case (1) for any such transaction involving the Borrower, the successor entity or entities, each of which shall be organized under the laws of Colombia or any country that is a member of the Organization for Economic Cooperation and Development (OECD), shall assume all the obligations of the Borrower under this Agreement and the Notes, (2) immediately after giving effect to the transaction, no Event of Default shall have occurred and be continuing, and (3) for any such transaction involving the Borrower, the Borrower delivers such certificates, opinions of its counsel and other documents regarding such transaction as may be required by the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent.
Merger, Consolidation, Dissolution, and Sale. The Borrower shall not merge or consolidate with any other entity; dissolve or terminate its legal existence; sell, lease, transfer or otherwise dispose of any substantial part of its properties or any of its properties essential to the conduct of its business or operations, as now or hereafter conducted (other than the sale, lease or transfer of satellite capacity in accordance with or as permitted by the Capacity Purchase Agreement, including the sale, lease or transfer of satellite capacity by the Borrower to third parties in accordance with or as permitted by the Capacity Purchase Agreement); or enter into any agreement to do any of the foregoing.
