Common use of Amalgamations Clause in Contracts

Amalgamations. No Restricted Credit Party will wind-up, liquidate or dissolve its affairs or enter into any transaction of amalgamation, merger or consolidation or convey, sell, alienate, lease or otherwise dispose of (or agree to do any of the foregoing, at any future time) all or substantially all of its Business Assets except for any amalgamation, merger or consolidation or any such sale, CREDIT AGREEMENT – PAGE 71 alienation or other form of disposition between two or more Restricted Credit Parties provided that: 15.4.1 the Person formed by or surviving any such transaction shall have assumed, as primary obligor, by an agreement satisfactory in form and substance to the Administrative Agent or by operation of law, the Obligations (with delivery, in connection with such assumption, of such opinions of the Restricted Credit Parties’ Counsel as the Administrative Agent may reasonably request); and 15.4.2 immediately before and after such transaction, no Default exists.

Amalgamations. No Restricted Credit Party will wind-up, liquidate or dissolve its affairs or enter into any transaction of amalgamation, merger or consolidation or convey, sell, alienate, lease or otherwise dispose of (or agree to do any of the foregoing, at any future time) all or substantially all of its Business Assets except for any amalgamation, merger or consolidation or any such sale, CREDIT AGREEMENT – PAGE 71 alienation or other form of disposition between two or more Restricted Credit Parties provided that: 15.4.1 the Person formed by or surviving any such transaction shall have assumed, expressly assume as primary obligor, by an agreement satisfactory in form and substance to the Administrative Agent or by operation of lawAgent, the Obligations (with which agreement may require the delivery, in connection with such assumption, of such opinions of the Restricted Credit Parties’ Counsel as the Administrative Agent may reasonably request); and 15.4.2 immediately before and after such transaction, no Default exists.