Termination of Corporate Existence. If either Party terminates its existence as a corporate entity, by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's assets are transferred to another person or business entity, without complying with Section 15.1 above, the other Party shall have the right enforceable in a court of competent jurisdiction, to enjoin the first Party's successor from using the property in any manner that interferes with, impedes, or restricts such other Party's ability to carry out its ongoing business operations, rights and obligations.
Termination of Corporate Existence. The cessation by Industries or Machine to be a validly existing corporation under the laws of their respective states of organization; or
Termination of Corporate Existence. Either Borrower ceases to be a validly existing corporation under the laws of the State of Texas, which shall continue in excess of thirty (30) days after notice by the Lender of such default.
Termination of Corporate Existence. The cessation by any Borrower to be a validly existing corporation under the laws of their respective states of organization; or
Termination of Corporate Existence. Either the Borrower or Parent ceases to be a validly existing entity under the laws of the State of Oklahoma, which shall continue in excess of thirty (30) days after notice by Bank of such default.
Termination of Corporate Existence. GLOG ceases to be a validly existing entity under the laws of the State of Oklahoma, which shall continue in excess of thirty (30) days after notice by Bank of such default.
