Common use of Merger, Sale, Etc Clause in Contracts

Merger, Sale, Etc. Shall maintain its corporate existence, good standing and necessary qualifications to do business and shall not merge or consolidate with any Person or acquire all or substantially all of the assets of, or 50% or more of any class of equity interest of, any Person or sell, lease, assign or otherwise dispose of any Collateral or substantial portion of its other assets (other than sales of obsolete or worn-out equipment and sales of Inventory in the ordinary course of business). 43.10

Appears in 3 contracts

Samples: Share Purchase Agreement (Vector Aeromotive Corp), Share Purchase Agreement (American Dream International LTD), Share Purchase Agreement (Welty W R)

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Merger, Sale, Etc. Shall maintain its corporate existence, good standing and necessary qualifications to do business and and, except as provided in Section 6.20, shall not merge or consolidate with any Person or acquire all or substantially all of the assets of, or 50% or more of any class of equity interest of, any Person or sell, lease, assign or otherwise dispose of any Collateral or substantial portion of its other assets (other than sales of obsolete or worn-out equipment and sales of Inventory in the ordinary course of business). 43.10.

Appears in 1 contract

Samples: Credit and Security Agreement (Able Telcom Holding Corp)

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Merger, Sale, Etc. Shall maintain its corporate existence, good standing and necessary qualifications to do business and shall not merge or consolidate with any Person or acquire all or substantially all of the assets of, or 50% or more of any class of equity interest of, any Person or sell, lease, assign or otherwise dispose of any Collateral or substantial portion of its other assets (other than sales of obsolete or worn-out equipment and sales of Inventory in the ordinary course of business). 43.10.

Appears in 1 contract

Samples: Loan and Security Agreement (Vector Aeromotive Corp)

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