Common use of Mergers; Consolidations; Acquisitions Clause in Contracts

Mergers; Consolidations; Acquisitions. Enter into any merger, acquisition, consolidation, reorganization or recapitalization with any other Person, except in connection with the Elevation Acquisition; take any steps in contemplation of dissolution or liquidation; and, except for any investment permitted under Section 10.15, acquire the stock or all or any substantial part of the properties of any Person, whether by purchase of stock or assets or otherwise. No Loan Party may utilize cash assets as consideration, in whole or in part, for any acquisition or investment in any Person without the prior written consent of the Lenders.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fat Brands, Inc), Loan and Security Agreement (Fat Brands, Inc)

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Mergers; Consolidations; Acquisitions. Enter into any merger, acquisition, consolidation, reorganization or recapitalization with any other Person, except in connection with the Elevation Acquisition; take any steps in contemplation of dissolution or liquidation; and, except for any investment permitted under Section 10.15, acquire the stock or all or any substantial part of the properties of any Person, whether by purchase of stock or assets or otherwise. No Loan Party may utilize cash assets as consideration, in whole or in part, for any acquisition or investment in any Person without the prior written consent of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Fat Brands, Inc)

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Mergers; Consolidations; Acquisitions. Enter Other than any Permitted Acquisition, enter into any merger, acquisition, consolidation, reorganization or recapitalization with any other Person, except in connection with the Elevation Acquisition; take any steps in contemplation of dissolution or liquidation; and, except for any investment permitted under Section 10.15, acquire the stock or all or any substantial part of the properties of any Person, whether by purchase of stock or assets or otherwise. No Loan Party may utilize cash assets as consideration, in whole or in part, for any acquisition or investment in any Person without the prior written consent of the LendersLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Fat Brands, Inc)

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