Common use of No Mergers, Sale of Assets, Etc Clause in Contracts

No Mergers, Sale of Assets, Etc. AmeriCredit or AMC shall not, and shall not permit the Debtor to, (i) consolidate or merge with or into any other Person, or (ii) sell, lease or transfer all or substantially all of its assets to any other Person; provided, however, that no such sale shall be deemed to occur solely as a result of a Take-Out or solely as a result of the sale of Contracts and related Receivables which are released to the Debtor pursuant to Section 2.16 hereof.

Appears in 2 contracts

Samples: Security Agreement (Americredit Corp), Security Agreement (Americredit Corp)

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No Mergers, Sale of Assets, Etc. AmeriCredit or AMC AMTN shall not, and shall not permit the Debtor to, (i) consolidate or merge with or into any other Person, or (ii) sell, lease or transfer all or substantially all of its assets to any other Person; providedPROVIDED, howeverHOWEVER, that no such sale shall be deemed to occur solely as a result of a Take-Out or solely as a result of the sale of Contracts and related Receivables which are released to the Debtor pursuant to Section 2.16 hereof.

Appears in 1 contract

Samples: Security Agreement (Americredit Corp)

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No Mergers, Sale of Assets, Etc. AmeriCredit or AMC The Debtor shall not, and shall not permit the Debtor AmeriCredit or AFC II to, (i) consolidate or merge with or into any other Person, or (ii) sell, lease or transfer all or substantially all of its assets to any other Person; , provided, however, that no such sale shall be deemed to occur solely as a result of a Take-Out or solely as a result of the sale of Contracts and related Receivables which are released to the Debtor pursuant to Section 2.16 2.15(c) hereof.

Appears in 1 contract

Samples: Security Agreement (Americredit Corp)

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