Common use of Mergers, Consolidations and Sales Clause in Contracts

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 8 contracts

Samples: Credit Agreement, Credit Agreement (BGC Partners, Inc.), Credit Agreement (DG FastChannel, Inc)

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Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 6 contracts

Samples: Credit Agreement (Vision Twenty One Inc), Credit Agreement (Diamond Home Services Inc), Credit Agreement (Vision Twenty One Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Borrower Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 6 contracts

Samples: Credit Agreement (StoneX Group Inc.), Credit Agreement (StoneX Group Inc.), Credit Agreement (Intl Fcstone Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease lease, or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 5 contracts

Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Accretive Health, Inc.), Credit Agreement (Accretive Health, Inc.)

Mergers, Consolidations and Sales. The No Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or merger, amalgamation, consolidation, arrangement or reorganization or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or transaction other than in any event sell or discount (with or without recourse) any the ordinary course of its notes or accounts receivablebusiness; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 4 contracts

Samples: Senior Subordinated Credit Agreement (Quadrant 4 System Corp), Credit Agreement (Air T Inc), Credit Agreement (Quadrant 4 System Corp)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Restricted Subsidiary to, be a party to any merger or consolidation, or during any fiscal year sell, transfer, lease or otherwise dispose of (whether in a single transaction or in multiple transactions) all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 4 contracts

Samples: Day Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc), Day Credit Agreement (Hewitt Associates Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or sell accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 4 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (CTS Corp), Credit Agreement (CTS Corp)

Mergers, Consolidations and Sales. The None of the Parent nor any Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section 8.10 shall not apply to nor operate to prevent:

Appears in 3 contracts

Samples: Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Smart Balance, Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists this Section shall not apply to nor operate to prevent:

Appears in 3 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp), Credit Agreement (Rent Way Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, not be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Propertyproperty, including any disposition of Property property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivablereceivable without prior written consent of the Bank; provided, however, that this Section shall not apply to nor operate to prevent:prevent the sale or lease of inventory in the ordinary course of business.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Bulova Technologies Group, Inc.), Term Loan Agreement (Bulova Technologies Group, Inc.)

Mergers, Consolidations and Sales. The Borrower Company shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any substantial part of its Property, including Property (excluding any disposition of Property as part of a sale and leaseback transaction, ) or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to preventprohibit:

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Guaranty Agreement (Oil Dri Corporation of America)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or merger, amalgamation, consolidation, arrangement or reorganization or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or transaction other than in any event sell or discount (with or without recourse) any the ordinary course of its notes or accounts receivablebusiness; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Significant Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists (except as otherwise permitted by the Security Agreement) this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Unified Western Grocers Inc), Credit Agreement (Unified Western Grocers Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists, this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Kimball Hill, Inc.), Credit Agreement (National Credit & Guaranty CORP)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any substantial part of its Property, including any disposition Property (except for sales of Property as part inventory in the ordinary course of a sale and leaseback transactionbusiness), or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section the foregoing provisions shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Information Resources Inc), Information Resources Inc

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary of its Material Subsidiaries to, be a party to any merger or consolidation, or sell, transfer, lease engage in any Asset Sale or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists (except as otherwise permitted by the Security Agreement) this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Unified Grocers, Inc.), Credit Agreement (Unified Grocers, Inc.)

Mergers, Consolidations and Sales. The Neither the Parent nor the Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Smart Balance, Inc.), Credit Agreement (Smart Balance, Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary of its Subsidiaries to, be a party to any merger or consolidationconsolidation or amalgamation, or sell, transfer, lease lease, or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Lamson & Sessions Co), Credit Agreement (Lamson & Sessions Co)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or merger, amalgamation, consolidation, arrangement or reorganization or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (BIO-TECHNE Corp), Credit Agreement (BIO-TECHNE Corp)

Mergers, Consolidations and Sales. The Neither the Parent nor the Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Event of Default exists (except as otherwise permitted by the Security Agreement) this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Excelligence Learning Corp), Credit Agreement (Excelligence Learning Corp)

Mergers, Consolidations and Sales. The Borrower shall will not, nor shall it and will not permit any Subsidiary of its Subsidiaries to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of any operating unit or division or any rights to any trade name or similar intangible or all or any substantial part of its Property, including any disposition Property (except for sales of Property as part inventory in the ordinary course of a sale and leaseback transactionbusiness), or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to preventthat:

Appears in 2 contracts

Samples: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Morton Industrial Group Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; providedPROVIDED, howeverHOWEVER, that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Vision Twenty One Inc), Credit Agreement (Apac Customer Service Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition Disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Duluth Holdings Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists (except as otherwise permitted by the Security Agreement) this Section shall not apply to nor operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp)

Mergers, Consolidations and Sales. The No Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger merger, demerger, consolidation, amalgamation, corporate reconstruction or consolidationScheme of Arrangement, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that so long as no Default or Event of Default exists this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

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Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary of its Subsidiaries to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Cobra Electronics Corp)

Mergers, Consolidations and Sales. The Borrower Parent shall not, nor shall it permit the Borrower or any other Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Check Technology Corp)

Mergers, Consolidations and Sales. The No Borrower shall notshall, nor shall it they permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Reliv International Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, not be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Stake Technology LTD)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Techne Corp /Mn/)

Mergers, Consolidations and Sales. The Neither the Parent nor the Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or and neither the Borrower nor any Subsidiary shall sell, transfer, lease or otherwise dispose of all or any part of its Property, including without limitation stock of any Subsidiary, and including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Mergers, Consolidations and Sales. The Neither Borrower shall notshall, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or sell accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Mergers, Consolidations and Sales. The No Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Security Agreement (Synalloy Corp)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any substantial part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; providedPROVIDED, howeverHOWEVER, that this Section shall not apply to nor operate to preventprohibit:

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section 7.4 shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Twin Disc Inc)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary of its Restricted Subsidiaries to, be a party to any merger merger, consolidation, division or consolidationamalgamation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Dynatrace, Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, not be a party to any merger or consolidation, or sell, transfer, lease lease, or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Primus Guaranty LTD)

Mergers, Consolidations and Sales. The Borrower Parent shall not, nor shall it permit any Subsidiary to, be a party to any amalgamation, merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Lojack Corp)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part substantially all of its Property, including any disposition of substantially all of its Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, that this Section shall not apply to nor operate to preventprevent the following:

Appears in 1 contract

Samples: Credit Agreement (StoneX Group Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or or, consolidation, consummate a Division or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition Disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Duluth Holdings Inc.)

Mergers, Consolidations and Sales. The Borrower shall not, nor shall it permit any Subsidiary to, be a party to any merger or consolidation, or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition Disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount (with or without recourse) any of its notes or accounts receivable; provided, however, provided that this Section shall not apply to nor operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Duluth Holdings Inc.)

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