Common use of Merger, Consolidation, Dissolution or Liquidation Clause in Contracts

Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall sell, lease, license, transfer or otherwise dispose of its Property, other than Inventory, equipment or real estate sold in the ordinary course of business. (b) No Borrower shall merge or consolidate with any other Person or commence a dissolution or liquidation.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

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Merger, Consolidation, Dissolution or Liquidation. (a) No Except with prior written approval of Agent or in accordance with Section 10.18 hereof, Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, other than Inventory, equipment or real estate sold in the ordinary course of Borrower's business. (b) No Except for the merger of wholly owned subsidiaries where Borrower is the surviving entity, Borrower shall not merge or consolidate with any other Person Person, or commence a dissolution or liquidation.

Appears in 1 contract

Samples: Loan and Security Agreement (Ecc International Corp)

Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall sell, lease, license, transfer or otherwise dispose of any material portion of its Property, Property other than Inventory, equipment or real estate inventory sold to patients/customers in the ordinary course or ordinary operation of businesssuch Borrower’s business or pursuant to the XXX Loan Documents, without Lender’s prior written consent. (b) No Borrower shall merge or consolidate with with, or acquire any Capital Stock or substantially all of the assets of any other Person Person, or commence a dissolution or liquidation, other than through a merger with another Borrower, without Lender’s prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Prospect Medical Holdings Inc)

Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall (or cause or permit any Subsidiary to) sell, lease, license, transfer or otherwise dispose of its Property, other than Inventory, equipment or real estate sold in the ordinary course of business. (b) No Borrower shall (or cause or permit any Subsidiary to) merge or consolidate with any other Person except in connection with a Qualified Acquisition or commence a dissolution or liquidation.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

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Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall sell, lease, license, transfer or otherwise dispose of its Property, Property other than Inventory, equipment or real estate inventory sold to patients/customers in the ordinary course or ordinary operation of such Borrower’s business, without Lender’s prior written consent. (b) No Borrower shall merge or consolidate with with, or acquire, any other Person or commence a dissolution or liquidation, other than through a merger with another Borrower, without Lender’s prior written consent.

Appears in 1 contract

Samples: Credit Agreement (Adcare Health Systems, Inc)

Merger, Consolidation, Dissolution or Liquidation. (a) No Borrower shall sell, lease, license, transfer or otherwise dispose of its Property, Property other than Inventory, equipment or real estate inventory sold in the ordinary course or ordinary operation of such Borrower's business, without Lender's prior written consent. (b) No Borrower shall merge or consolidate with with, or acquire, any other Person or commence a dissolution or liquidation, other than through a merger or other consolidation with another Borrower, without Lender's prior written consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Orion Healthcorp Inc)

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