Common use of Transfer; Merger Clause in Contracts

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or any part of its property or business or all or any substantial part of its assets except as necessary to complete the acquisition and merger of Farmers State Bank and Community Bank on or about November 1, 2001, as described in writing to the Bank.

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or any part of its property or business or all or any substantial part of its assets except as necessary to complete the acquisition and merger assets, or sell or discount (with or without recourse) any of Farmers State Bank and Community Bank on its notes or about November 1, 2001, as described in writing to the BankAccounts.

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or any part of its property or business or all or any substantial part of its assets except as necessary to complete the acquisition and merger assets, or sell or discount (with or without recourse) any of Farmers State Bank and Community Bank on its Promissory Notes, Chattel Paper, Payment Intangibles or about November 1, 2001, as described in writing to the BankAccounts.

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, . transfer, license, lease, encumber or otherwise dispose of all or any part of its property or business or all or any substantial part of its assets except as necessary to complete the acquisition and merger assets, or sell or discount (with or without recourse) any of Farmers State Bank and Community Bank on its notes or about November 1, 2001, as described in writing to the BankAccounts.

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or any part of its property or business or all or any substantial part of its assets except as necessary to complete assets, or sell or discount (with or without recourse) any of its Promissory Notes, Chattel Paper, Payment Intangibles or Accounts other than in the acquisition and merger ordinary course of Farmers State Bank and Community Bank on or about November 1, 2001, as described in writing to the Bankits business.