Certain Mergers and Consolidations. (a) Nothing contained in this Agreement or in any Note shall prevent any consolidation or merger of a Guarantor with or into the Issuer or another Guarantor or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety, to the Issuer or another Guarantor. Upon any such consolidation, merger, sale or conveyance, the Guaranty given by such Guarantor shall no longer have any force or effect.
Appears in 2 contracts
Samples: Note Purchase Agreement (Western Micro Technology Inc /De), Note and Stock Purchase Agreement (Emergent Information Technologies Inc)
Certain Mergers and Consolidations. (a) Nothing contained in this Agreement or in any Secured Note shall prevent any consolidation or merger of a Guarantor with or into the Issuer or another Guarantor or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety, to the Issuer or another Guarantor. Upon any such consolidation, merger, sale or conveyance, the Guaranty given by such Guarantor shall no longer have any force or effect.
Appears in 1 contract
Samples: Note Purchase Agreement (National Record Mart Inc /De/)
Certain Mergers and Consolidations. (a) Nothing contained in this Agreement or in any Subordinated Note shall prevent any consolidation or merger of a Guarantor with or into the Issuer or another Guarantor or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety, to the Issuer or another Guarantor. Upon any such consolidation, merger, sale or conveyance, the Guaranty given by such Guarantor shall no longer have any force or effect.EXECUTION COPY
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (National Record Mart Inc /De/)
