Other Permitted Ancillary Transactions Clause Samples
Other Permitted Ancillary Transactions. In connection with the consummation of a Corporate Conversion, the Board shall have the authority to merge, consolidate or reorganize one or more subsidiaries with one or more other subsidiaries or other entities wholly-owned directly or indirectly by the LLC or the surviving corporation in the Corporate Conversion.
Other Permitted Ancillary Transactions. In connection with the consummation of a Qualified Corporate Conversion, the Manager acting by majority vote of its Board of Managers shall have the authority to merge, consolidate or reorganize one or more of the Subsidiaries with one or more other Subsidiaries or other entities wholly-owned directly or indirectly by the LLC or the Manager or the surviving corporation in the Qualified Corporate Conversion.