Common use of Sale of Assets, Consolidation, Merger, Dissolution, Etc Clause in Contracts

Sale of Assets, Consolidation, Merger, Dissolution, Etc. Guarantor shall not, directly or indirectly, (a) merge into or with or consolidate with any other Person or permit any other Person to merge into or with or consolidate with it, or (b) sell, assign, lease, transfer, abandon or otherwise dispose of any stock or indebtedness to any other Person or any of its assets to any other Person (except for (i) sales of Inventory in the ordinary course of business and (ii) the disposition of worn-out or obsolete Equipment or Equipment no longer used in the business of Guarantor so long as (A) if an Event of Default exists or has occurred and is continuing, any proceeds are paid to Lender and (B) such sales do not involve Equipment having an aggregate fair market value in excess of $25,000 for all such Equipment disposed of in any fiscal year of Guarantor, or (c) form or acquire any subsidiaries, or (d) wind up, liquidate or dissolve or (e) agree to do any of the foregoing.

Sale of Assets, Consolidation, Merger, Dissolution, Etc. Guarantor Guarantors shall not, directly or indirectly, : (a) merge into or with or consolidate amalgamate with any other Person or permit any other Person to merge into or with or consolidate amalgamate with it, ; or (b) sell, assign, lease, transfer, abandon or otherwise dispose of any stock shares or indebtedness to any other Person or any of its assets to any other Person (except for for: (i) sales of Inventory in the ordinary course of business business; and (ii) the disposition of worn-out or obsolete Equipment or Equipment no longer used in the business of Guarantor Guarantors so long as as: (A) if an Event of Default exists or has occurred and is continuing, any proceeds are paid to Lender Lender; and (B) such sales do not involve Equipment having an aggregate fair market value in excess of $US$25,000 for all such Equipment disposed of in any fiscal year of Guarantor, Guarantors); or (c) form or acquire any subsidiaries, ; or (d) wind up, liquidate or dissolve dissolve; or (e) agree to do any of the foregoing.

Sale of Assets, Consolidation, Merger, Dissolution, Etc. Guarantor shall not, directly or indirectly, : (a) merge into or with or consolidate amalgamate with any other Person or permit any other Person to merge into or with or consolidate amalgamate with it, ; or (b) sell, assign, lease, transfer, abandon or otherwise dispose of any stock shares or indebtedness to any other Person or any of its assets to any other Person (except for for: (i) sales of Inventory in the ordinary course of business business; and (ii) the disposition of worn-out or obsolete Equipment or Equipment no longer used in the business of Guarantor so long as as: (A) if an Event of Default exists or has occurred and is continuing, any proceeds are paid to Lender Agent; and (B) such sales do not involve Equipment having an aggregate fair market value in excess of $US$25,000 for all such Equipment disposed of in any fiscal year of Guarantor, ); or (c) form or acquire any subsidiaries, ; or (d) wind up, liquidate or dissolve dissolve; or (e) agree to do any of the foregoing.

Sale of Assets, Consolidation, Merger, Dissolution, Etc. Guarantor shall not, directly or indirectly, (a) merge into or with or consolidate with any other Person or permit any other Person to merge into or with or consolidate with it, or (b) sell, assign, lease, transfer, abandon or otherwise dispose of any stock or indebtedness to any other Person or any of its assets to any other Person (except for (i) sales of Inventory in the ordinary course of business and (ii) the disposition of worn-worn - out or obsolete Equipment or Equipment no longer used in the business of Guarantor so long as (A) if an Event of Default exists or has occurred and is continuing, any proceeds are paid to Lender and (B) such sales do not involve Equipment having an aggregate fair market value in excess of $25,000 500,000 for all such Equipment disposed of in any fiscal year of Guarantor, or (c) form or acquire any subsidiaries, or (d) wind up, liquidate or dissolve or (e) agree to do any of the foregoing.