Common use of Termination of Business Clause in Contracts

Termination of Business. Except as permitted under SECTION 6.05, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, liquidate all or substantially all of the Loan Parties’ assets or Store locations, or employ an agent or other third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all or substantially all of the Loan Parties’ Stores;

Appears in 9 contracts

Samples: Credit Agreement (Gymboree Corp), Credit Agreement (Gymboree Corp), Credit Agreement (Books a Million Inc)

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Termination of Business. Except as permitted under SECTION 6.05, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, ; liquidate all or substantially all of the Loan Parties’ assets or Store locations, ; or employ an agent or other third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all or substantially all of the Loan Parties’ Stores;; or

Appears in 2 contracts

Samples: Credit Agreement (Michaels Companies, Inc.), Credit Agreement (Michaels Companies, Inc.)

Termination of Business. Except as permitted under SECTION Section 6.04 or Section 6.05, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, liquidate all or substantially all of the Loan Parties’ assets or Store locationsassets, or employ an agent or other third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all Loan Parties’ websites which are necessary or substantially all of material to the Loan Parties’ Stores;' business; or

Appears in 1 contract

Samples: Credit Agreement (Revolve Group, Inc.)

Termination of Business. Except as permitted under SECTION Section 6.05, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: to suspend the operation of the Loan Parties’ business in the ordinary course, course or liquidate all or substantially all of the Loan Parties’ assets or Store locations, or employ an agent or other third party to conduct do any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all or substantially all of the Loan Parties’ Storesforegoing;

Appears in 1 contract

Samples: Credit Agreement (CMI Acquisition, LLC)

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Termination of Business. Except as permitted under SECTION Section 6.05, the determination of the Loan Parties, whether by vote of the Loan Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, liquidate all or substantially all of the Loan Parties’ assets or Store locationsassets, or employ an agent or other third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all Loan Parties’ websites which are necessary or substantially all of material to the Loan Parties’ Stores;business; or

Appears in 1 contract

Samples: Credit Agreement (Advance Holdings, LLC)

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