Common use of Consolidation and Merger; Asset Acquisitions Clause in Contracts

Consolidation and Merger; Asset Acquisitions. Company shall not consolidate with or merge into any other entity, or permit any other entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other entity; provided that any Subsidiary of Company may merge with and into Company so long as Company is the surviving entity.

Appears in 2 contracts

Samples: Credit and Security Agreement (Iridex Corp), Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp)

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Consolidation and Merger; Asset Acquisitions. Company shall not consolidate or amalgamate with or merge into any other entity, or permit any other entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation consolidation, amalgamation or merger) all or substantially all of the assets of any other entity; provided that any Subsidiary of Company may merge with and into Company so long as Company is the surviving entity.

Appears in 2 contracts

Samples: Credit and Security Agreement (Tandy Brands Accessories Inc), Credit and Security Agreement (Tandy Brands Accessories Inc)

Consolidation and Merger; Asset Acquisitions. Company shall not, and shall not permit any Subsidiary to, consolidate with or merge into any other entity, or permit any other entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other entity; provided that any Subsidiary of Company may merge with and into Company so long as Company is the surviving entity.

Appears in 2 contracts

Samples: Credit and Security Agreement (Analysts International Corp), Credit and Security Agreement (Analysts International Corp)

Consolidation and Merger; Asset Acquisitions. No Company shall not consolidate with or merge into any other entity, or permit any other entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other entity; provided that any Subsidiary of Company may merge with and into Company so long as Company is the surviving entity.

Appears in 1 contract

Samples: Credit and Security Agreement (Adams Resources & Energy, Inc.)

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Consolidation and Merger; Asset Acquisitions. Company shall The Borrower will not, and will not permit any Subsidiary to, consolidate with or merge into any other entityPerson, or permit any other entity Person to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other entity; Person, provided that any Subsidiary of Company may merge be merged or consolidated with and into Company so long as Company the Borrower (if the Borrower is the surviving entitycorporation).

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

Consolidation and Merger; Asset Acquisitions. Company shall not consolidate with or merge into any other entity, or permit any other entity to merge into it, or acquire (in a transaction analogous in purpose or effect to a consolidation or merger) all or substantially all of the assets of any other entity; provided that , except for (i) any merger or consolidation of a Subsidiary into Company, with Company being the survivor thereof, and (ii) any merger or consolidation of a Subsidiary into another Subsidiary. Company may merge with and into Company so long as Company is shall not form or acquire any additional Subsidiary after the surviving entitydate of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Physicians Formula Holdings, Inc.)

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