Common use of Mergers, Consolidations or Sales Clause in Contracts

Mergers, Consolidations or Sales. The Borrower shall not (a) enter into any transaction of merger, reorganization, or consolidation with any other Person; (b) transfer, sell, assign, lease, or otherwise dispose of all or any part of the Collateral or its assets; or (c) liquidate or dissolve.

Appears in 6 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan and Security Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Mergers, Consolidations or Sales. The Borrower shall not (a) enter into any transaction of merger, reorganization, or consolidation with any other Person; (b) consolidation, or transfer, sell, assign, lease, or otherwise dispose of all or any part of or any interest in the Collateral Collateral, or its assets; or (c) wind up, liquidate or dissolve, or agree to do any of the foregoing, without the prior written consent of Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

Mergers, Consolidations or Sales. The Except with respect to the Car-Mart Merger, the Borrower shall not (a) enter into any transaction of merger, reorganization, or consolidation with any other Person; (b) transfer, sell, assign, lease, or otherwise dispose of all or any part of the Collateral or its assetsassets except in the ordinary course of business; or (c) liquidate or dissolve.

Appears in 1 contract

Samples: Loan and Security Agreement (Crown Group Inc /Tx/)

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Mergers, Consolidations or Sales. The Borrower shall not (a) enter into any transaction of merger, reorganization, or consolidation with any other Person; (b) transfer, sell, assign, lease, or otherwise dispose of all or any part of the Collateral Collateral; (c) transfer, sell, assign, lease or otherwise dispose of any substantial part of its assets that do not constitute any part of the Collateral, other than sales of obsolete assets, and other assets in the ordinary course of business that do not constitute any part of the Collateral; or (cd) liquidate or dissolve.

Appears in 1 contract

Samples: Loan and Security Agreement (TFC Enterprises Inc)

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