Common use of Changes/Mergers Clause in Contracts

Changes/Mergers. Liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination except ------ for joint ventures, strategic alliances, licensing and similar arrangements customary in Borrower's industry for businesses in the development stage of Borrower and which do not require Borrower to assume or otherwise become liable for the obligations of any third party not directly related to or arising out of such arrangement or, without the prior written consent of Lender, require Borrower to transfer ownership of assets to such joint venture or other entity; prepay any subordinated debt, debt for borrowed money, or debt secured by any permitted Lien, or enter into or modify any agreement as a result of which the terms of payment of any such debt are waived or modified.

Changes/Mergers. Liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination except ------ for joint ------ ventures, strategic alliances, licensing and similar arrangements customary in Borrower's industry for businesses in the development stage of Borrower and which do not require Borrower to assume or otherwise become liable for the obligations of any third party not directly related to or arising out of such arrangement or, without the prior written consent of LenderMajority Lenders, require Borrower to transfer ownership of assets to such joint venture or other entity; prepay any subordinated debt, debt for borrowed money, or debt secured by any permitted Permitted Lien, or enter into or modify any agreement as a result of which the terms of payment of any such debt are waived or modifiedaccelerated.

Changes/Mergers. Liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination combination, except ------ for recorporation mergers and joint ventures, strategic alliances, licensing and similar arrangements customary in Borrower's industry for businesses in the development stage of Borrower and which do not require Borrower to assume or otherwise become liable for the obligations of any third party not directly related to or arising out of such arrangement or, without the prior written consent of Lender, which shall not be unreasonably withheld or delayed require Borrower to transfer ownership of assets to such joint venture or other entity; prepay any subordinated debt, debt for borrowed money, or debt secured by any permitted Lien, or enter into or modify any agreement as a result of which the terms of payment of any such debt are waived or and modified.

Changes/Mergers. Liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination except ------ for joint ------ ventures, strategic alliances, licensing and similar arrangements customary in Borrower's industry for businesses in the development stage of Borrower and which do not require Borrower to assume or otherwise become liable for the obligations Obligations of any third party not directly related to or arising out of such arrangement or, without the prior written consent of Lender, require Borrower to transfer ownership of assets to such joint venture or other entity; prepay any subordinated debt, debt for borrowed money, or debt secured by any permitted Permitted Lien, or enter into or modify any agreement as a result of which the terms of payment of any such debt are waived or modifiedaccelerated.