Mergers, Acquisitions, Etc. The Company will not, and will not permit any of its subsidiaries to, merge or consolidate with any other entity unless the Company or, solely to the extent the Company is not a party to such merger or consolidation, the applicable subsidiary, shall be the continuing and surviving corporation and, after such merger or consolidation, there shall exist no Event of Redemption or event that, with the passage of time or giving of notice, or both, would constitute an Event of Redemption, or commence operations under any other name, organization or entity, including any joint venture.
Appears in 5 contracts
Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)
Mergers, Acquisitions, Etc. The Company will not, and will not permit any of its subsidiaries to, : (A) merge or consolidate with any other entity unless the Company or, solely to the extent the Company is not a party to such merger or consolidation, the applicable subsidiary, shall be the continuing and surviving corporation and, after such merger or consolidation, there shall exist no Default or Event of Redemption Default; or event that, with the passage of time or giving of notice, or both, would constitute an Event of Redemption, or (B) commence operations under any other name, organization or entity, including any joint venture.
Appears in 3 contracts
Samples: Master Loan Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp)
Mergers, Acquisitions, Etc. The Company will not, and will not permit any of its subsidiaries to, merge or consolidate with any other entity unless the Company or, solely to the extent the Company is not a party to such merger or consolidation, the applicable subsidiary, shall be the continuing and surviving corporation and, after such merger or consolidation, there shall exist no Event of Redemption or event that, with the passage of time or giving of notice, or both, would constitute an Event of Redemption, or commence operations under any other name, organization or entity, including any joint venture.
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