Common use of When Company May Merge or Transfer Assets Clause in Contracts

When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer or lease its properties and assets substantially as an entirety to any person, unless: (a) either (1) the Company shall be the continuing corporation or (2) the person (if other than the Company) formed by such consolidation or into which the Company is merged or the person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety (i) shall be a corporation, partnership or trust organized and validity existing under the laws of the United States or any state thereof or the District of Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; (b) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

Appears in 3 contracts

Samples: Indenture (Aimco Properties Lp), Indenture (Aimco Properties Lp), Subordinated Debt Securities Indenture (Walt Disney Co/)

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When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer or lease its properties and assets substantially as an entirety to any person, unless: (a) either (1) the Company shall be the continuing corporation or (2) the person (if other than the Company) formed by such consolidation or into which the Company is merged or the person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety (i) shall be a corporation, limited liability company, partnership or trust organized and validity validly existing under the laws of the United States or any state thereof or the District of Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; (b) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

Appears in 1 contract

Samples: Indenture (Semble, Inc.)

When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer or lease its properties and assets substantially as an entirety to any person, unless: (a) either (1) the Company shall be the continuing corporation or (2) the person (if other than the Company) formed by such consolidation consolida- tion or into which the Company is merged or the person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety (i) shall be a corporation, partnership or trust organized and validity existing under the laws of the United States or any state thereof or the District of Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; (b) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and (c) the Company shall have delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that such consolida- tion, merger,

Appears in 1 contract

Samples: Indenture (Aimco Properties Lp)

When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer or lease its properties and assets substantially as an entirety to any person, unless: (a) either (1) the Company shall be the continuing corporation or (2) the person (if other than the Company) formed by such consolidation or into which the Company is merged or the person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety (i) shall be a corporation, partnership limited liability company, partnership, trust or trust other entity organized and validity validly existing under the laws of the United States or any state State thereof or the District of Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; (b) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

Appears in 1 contract

Samples: Indenture (Anixter International Inc)

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When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer transfer, sell, lease or lease otherwise dispose of all or substantially all of its properties and assets substantially as an entirety to any person, unless: (a) either (1i) the Company shall be the continuing corporation or (2ii) the person Person (if other than the Company) formed by such consolidation or into which the Company is merged or the person Person which acquires by conveyance, transfer transfer, sale, lease or lease other disposition all or substantially all of the properties and assets of the Company substantially as an entirety (i1) shall be a corporation, partnership or trust organized and validity validly existing under the laws of the United States or any state State thereof or the District of Columbia and (ii2) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all of the obligations of the Company under the Securities Notes, this Indenture and this Indenture; the Registration Rights Agreement and, to the extent applicable, otherwise comply with the provisions of Section 12.4; (b) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and

Appears in 1 contract

Samples: Indenture (Comtech Telecommunications Corp /De/)

When Company May Merge or Transfer Assets. The Company shall not consolidate with or merge with or into any other person or convey, transfer transfer, sell, lease or lease otherwise dispose of all or substantially all of its properties and assets substantially as an entirety to any person, unless: : (a) either (1) the Company shall be the continuing corporation or (2) the person Person (if other than the Company) formed by such consolidation or into which the Company is merged or the person Person which acquires by conveyance, transfer or lease all or substantially all of the properties and assets of the Company substantially as an entirety (i) shall be a corporation, partnership or trust organized and validity validly existing under the laws of the United States or any state State thereof or the District of Columbia and (ii) shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture; ; (b) immediately after giving effect to such transaction, no Default Event of Default, and no event that, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and

Appears in 1 contract

Samples: Indenture (Brinker International Inc)

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