Common use of When a Guarantor May Merge, etc Clause in Contracts

When a Guarantor May Merge, etc. No Guarantor shall consolidate with or merge with or into (whether or not such Guarantor is the surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the provisions of Section 11.07 hereof, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the Obligations of such Guarantor pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee under the Securities and this Indenture and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.04.

Appears in 6 contracts

Samples: Supplemental Indenture (Grey Wolf Inc), Indenture (Yellow Corp), Nabors Industries Inc

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When a Guarantor May Merge, etc. A Guarantor may consolidate with or merge with or into (or sell or otherwise dispose of all or substantially all of its property and assets to) another Guarantor without limitation, except to the extent such transaction is subject to Section 5.01 hereof. No Guarantor shall consolidate with or merge with or into (whether or not such Guarantor is the surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the provisions of Section 11.07 hereof, the Person formed by or surviving any such consolidation or merger (if other than such a Guarantor) assumes all the Obligations of such Guarantor pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee under the Securities and this Indenture and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.04.

Appears in 1 contract

Samples: Grey Wolf Inc

When a Guarantor May Merge, etc. No Guarantor shall consolidate with or merge with or into (whether or not such Guarantor is the surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the provisions of Section 11.07 10.6 hereof, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the Obligations obligations of such Guarantor pursuant to a supplemental indenture and appropriate Collateral Documents and Senior Note Collateral Documents in form reasonably satisfactory to the Trustee under the Securities and Notes, this Indenture Indenture, the Collateral Documents; and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.0410.4.

Appears in 1 contract

Samples: Indenture (PLD Telekom Inc)

When a Guarantor May Merge, etc. No Guarantor shall ------------------------------- consolidate with or merge with or into (whether or not such Guarantor is the surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation consolidation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the provisions of Section 11.07 10.05 hereof, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the Obligations obligations of such Guarantor pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee under the Securities Convertible Notes and this Indenture and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.0410.04.

Appears in 1 contract

Samples: Indenture (United Usn Inc)

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When a Guarantor May Merge, etc. No Guarantor shall consolidate with or merge with or into (whether or not such Guarantor is the surviving person) another corporation, Person or entity whether or not affiliated with such Guarantor (but excluding any consolidation, amalgamation consolidation or merger if the surviving corporation is no longer a Subsidiary) unless (i) subject to the provisions of Section 11.07 10.5 hereof, the Person formed by or surviving any such consolidation or merger (if other than such Guarantor) assumes all the Obligations obligations of such Guarantor pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee under the Securities Convertible Notes and this Indenture and (ii) immediately after giving effect to such transaction, no Default or Event of Default exists. In connection with any such consolidation or merger, the Trustee shall be entitled to receive an Officers' Certificate and an Opinion of Counsel stating that such consolidation or merger is permitted by this Section 11.0410.4.

Appears in 1 contract

Samples: Indenture (Usn Communications Inc)

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