Common use of No Subsidiaries, Mergers, Etc Clause in Contracts

No Subsidiaries, Mergers, Etc. If after giving effect thereto, there would exist an Event of Default, the Originator shall not consolidate or merge with or into, or sell, lease or transfer all or substantially all of its assets to, any other Person or dissolve or terminate.

Appears in 3 contracts

Samples: Security Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.)

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No Subsidiaries, Mergers, Etc. If after giving effect thereto, there would exist an Event of Defaulta Termination Event, the Originator shall not consolidate or merge with or into, or sell, lease or transfer all or substantially all of its assets to, any other Person or dissolve or terminate.

Appears in 3 contracts

Samples: Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.), Sale Agreement (Commercial Credit, Inc.)

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