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

Merger, Consolidation, Dissolution or Liquidation. (a) The Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, except for: (i) Equipment in the ordinary course of the Borrower's business; or

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Merger, Consolidation, Dissolution or Liquidation. (a) The No Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, except for: (i) Equipment Property other than Property sold in the ordinary course or ordinary operation of the BorrowerBorrowers' business, without Lender's business; orprior written consent. (b) No Borrower shall merge or consolidate with, or acquire, any other Person or commence a dissolution or liquidation.

Appears in 1 contract

Samples: Loan and Security Agreement (Staff Builders Inc /De/)

Merger, Consolidation, Dissolution or Liquidation. (a) The Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, Property except for: (i) Equipment for equipment in the ordinary course of the Borrower's =s business; or. (b) Except for Permitted Acquisitions and mergers, Borrower shall not merge or consolidate with any other Person, or commence a dissolution or liquidation, except that any subsidiary may merge into Borrower or another Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Merger, Consolidation, Dissolution or Liquidation. (a) The Borrower shall not sell, lease, license, transfer or otherwise dispose of its Property, except for: (i) Equipment in the ordinary course of the Borrower's ’s business; or (ii) A Permitted Asset or Stock Sale. (b) Except for Permitted Acquisitions, the Borrower shall not merge or consolidate with any other Person, or commence a dissolution or liquidation, except that any Subsidiary may merge into the Borrower or another Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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