Common use of Mergers; Dissolution Clause in Contracts

Mergers; Dissolution. Borrower will not merge or consolidate with or into any Person, unless Borrower is the surviving entity, no Qualified Borrower will merge or consolidate with or into any Person, unless Borrower, such Borrower Party, or another Borrower Party is the surviving entity. No Borrower Party will take any action to dissolve or terminate such Borrower Party, including, without limitation, any action to Dispose of all or substantially all of the property of such Borrower Party.

Appears in 10 contracts

Samples: Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending LLC)

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Mergers; Dissolution. Borrower will not merge or consolidate with or into any Person, unless Borrower is the surviving entity, no Qualified Borrower will merge or consolidate with or into any Person, unless Borrower, such Borrower Party, or another Borrower Party is the surviving entity. No Borrower Party will take any action to dissolve or terminate such Borrower Party, including, without limitation, any action to Dispose sell or dispose of all or substantially all of the property of such Borrower Party.

Appears in 3 contracts

Samples: Revolving Credit Agreement (TCW Direct Lending LLC), Credit Agreement (TCW Direct Lending LLC), Credit Agreement (TCW Direct Lending LLC)

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