Common use of Mergers, Consolidations or Sales Clause in Contracts

Mergers, Consolidations or Sales. No Borrower or any of its Subsidiaries shall enter into any transaction of merger, reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any part of its Property, or wind up, liquidate or dissolve, or agree to do any of the foregoing, except sales of Inventory in the ordinary course of its business and sales of Equipment permitted by Section 7.9 and transactions permitted by Section 10.17.

Appears in 2 contracts

Samples: Loan and Security Agreement (Outlook Group Corp), Loan and Security Agreement (Outlook Group Corp)

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Mergers, Consolidations or Sales. No Neither such Borrower or -------------------------------- nor any of its Subsidiaries shall enter into any transaction of merger, reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any material part of its Property, or wind up, liquidate or dissolve, or agree to do any of the foregoing, except sales of Inventory in the ordinary course of its business and for sales of Equipment as otherwise permitted by Section 7.9 and transactions permitted by Section 10.17hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

Mergers, Consolidations or Sales. No Neither the Borrower or nor any of its Subsidiaries shall enter into any transaction of merger, reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any material part of its Property, or wind up, liquidate or dissolve, or agree to do any of the foregoing, except sales of Inventory in the ordinary course of its business and for sales of Equipment as otherwise permitted by Section 7.9 and transactions permitted by Section 10.17hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Petroleum Place Inc)

Mergers, Consolidations or Sales. No Borrower None of the Borrowers or any of its -------------------------------- their Subsidiaries shall enter into any transaction of merger, reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any material part of its Property, or wind up, liquidate or dissolve, or agree to do any of the foregoing, except sales of Inventory in the ordinary course of its business and for sales of Equipment as otherwise permitted by Section 7.9 and transactions permitted by Section 10.17hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Emons Transportation Group Inc)

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Mergers, Consolidations or Sales. No Borrower or any of its Subsidiaries shall enter into any transaction of merger, reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any material part of its Propertyproperty, or wind up, liquidate or dissolve, or agree to do any of the foregoing, except (a) for sales of Inventory in the ordinary course of its business and sales of Equipment business, or (b) as otherwise expressly permitted by Section 7.9 and transactions permitted by Section 10.17hereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

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