Common use of Restriction on Fundamental Changes and Asset Sales Clause in Contracts

Restriction on Fundamental Changes and Asset Sales. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sub-lessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or substantially all of its business, assets or property; provided that (a) the Borrower and its Subsidiaries may make Acquisitions permitted by Section 6.3; and (b) so long as no Event of Default or Potential Event of Default exists or would result therefrom:

Appears in 6 contracts

Samples: Term Loan Agreement (Hospira Inc), Credit Agreement and Guaranty (Hospira Inc), Credit Agreement and Guaranty (Hospira Inc)

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