Common use of Merger, Consolidation, Dissolution, Etc Clause in Contracts

Merger, Consolidation, Dissolution, Etc. Consolidate with or merge into any other corporation, partnership or other entity, or permit another corporation, partnership or other entity to merge into it, or dissolve or take any action which would result in its dissolution, change in ownership of shareholders as existing as of the date of this Agreement, or acquire all or substantially all of the properties or assets of any other corporation, partnership or entity, or enter into any arrangement, directly or indirectly, with any entity whereby Borrower shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which Borrower intended to use for substantially the same purpose or purposes as the property being sold or transferred without the prior written consent of Lender.

Appears in 3 contracts

Samples: Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp)

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Merger, Consolidation, Dissolution, Etc. Consolidate with or merge into any other corporationcorporation or partnership, partnership or other entity, or including a merger of Borrowers; permit another corporation, corporation or partnership or other entity to merge into it, or either of them; dissolve or take or omit to take any action which would result in its their dissolution, change in ownership of shareholders as existing as of the date of this Agreement, or ; acquire all or substantially all of the properties or assets of any other corporation, partnership or entity, or Person; enter into any arrangement, directly or indirectly, with any entity Person whereby a Borrower shall sell or transfer any property, real or personal, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which such Borrower intended intends to use for substantially the same purpose or purposes as the property being sold or transferred without the prior written consent of Lendertransferred.

Appears in 1 contract

Samples: Loan Agreement (Orange Co Inc /Fl/)

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