Common use of No Changes in Guarantor Clause in Contracts

No Changes in Guarantor. The Guarantor covenants and agrees that from and after the date hereof and so long as any of the Obligations remain outstanding, it will not (a) enter into any transaction of merger or consolidation unless it is the surviving corporation and after giving effect to such merger or consolidation its tangible net worth equals or exceeds that which existed prior to such merger or consolidation; or (b) liquidate or dissolve; or (c) sell or otherwise dispose of all or any substantial part of its assets; or (d) without limiting the generality of clause (c), sell, transfer or otherwise dispose of any interest in Borrower held by it as of the date hereof; or (e) without thirty (30) days’ prior written notice to Lenders, change its name or chief executive office.

No Changes in Guarantor. The Guarantor covenants and agrees that from and after the date hereof and so long as any of the Obligations remain outstanding, it will not (a) enter into any transaction of merger or consolidation unless it is the surviving corporation and after giving effect to such merger or consolidation its tangible net worth equals or exceeds that which existed prior to such merger or consolidation; or (b) liquidate or dissolve; or (c) sell or otherwise dispose of all or any substantial part of its assets; or (d) without limiting the generality of clause (c), sell, transfer or otherwise dispose of any interest in Borrower held by it as of the date hereof; or (e) without thirty (30) days’ prior written notice to LendersBeneficiary, change its name or chief executive office.

No Changes in Guarantor. The Guarantor covenants and agrees that from and after the date hereof and so long as any of the Obligations remain outstanding, it will not (a) enter into any transaction of merger or consolidation unless it is the surviving corporation and after giving effect to such merger or consolidation its tangible net worth equals or exceeds that which existed prior to such merger or consolidation; or (b) liquidate or dissolve; or (c) sell or otherwise dispose of all or any substantial part of its assets; or (d) without limiting the generality of clause (c), sell, transfer or otherwise dispose of any interest in Borrower held by it as of the date hereof; or (e) without thirty (30) days’ ' prior written notice to Lenders, change its name or chief executive office.. [Participation and Loan and Security Agreement]

No Changes in Guarantor. The Guarantor covenants and agrees that from and after the date hereof and so long as any of the Obligations remain outstanding, it will not (a) enter into any transaction of merger or consolidation unless it is the surviving corporation and after giving effect to such merger or consolidation its tangible net worth equals or exceeds that which existed prior to such merger or consolidation; or (b) liquidate or dissolve; or (c) sell or otherwise dispose of all or any substantial part of its assets; or (d) without limiting the generality of clause (c), sell, transfer or otherwise dispose of any interest in Borrower held stock of Debtor owned by it as of the date hereof; or (e) without thirty (30) days’ days prior written notice to Lenders, Bank change its name or chief executive officeplace of business.