Common use of Consolidations and Mergers Clause in Contracts

Consolidations and Mergers. Borrower will not, nor will Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a wholly owned Subsidiary of Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Par Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co)

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Consolidations and Mergers. Parent and Borrower will not, nor will Parent and/or Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, and a wholly owned direct or indirect Subsidiary of BorrowerParent.

Appears in 3 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Consolidations and Mergers. Borrower will not, nor will Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary of Borrower may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a any wholly owned Subsidiary of BorrowerBorrower is the surviving corporation or entity.

Appears in 3 contracts

Samples: Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.), Credit Agreement (GeoMet, Inc.)

Consolidations and Mergers. Borrower will not, nor and will Borrower permit not allow any other Credit Party of its Subsidiaries to, consolidate or merge with or into any other Person; provided, thatexcept that Borrower or any such Subsidiary may merge with another Person if Borrower or such Subsidiary is the surviving entity in a non-hostile merger and if, so long as after giving effect thereto, no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a wholly owned Subsidiary of Borrowershall have occurred and be continuing.

Appears in 2 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

Consolidations and Mergers. Borrower will not, nor will Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, and a wholly owned direct or indirect Subsidiary of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Quest Resource Corp)

Consolidations and Mergers. Borrower and Guarantors will not, nor will Borrower permit any other Credit Party of its Subsidiaries to, consolidate or merge with or into any other Person; provided, that, that so long as no Default or Event of Default exists or will resultresult (a) Borrower may merge or consolidate with another Person so long as Borrower is the surviving corporation, and (b) any wholly owned Subsidiary of Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a wholly owned Subsidiary of BorrowerBorrower is the surviving corporation.

Appears in 1 contract

Samples: Master Credit Agreement (Riata Energy Inc)

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Consolidations and Mergers. Borrower will not, nor will Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will resultresult (a) Borrower may merge or consolidate with another Person so long as Borrower is the surviving corporation, and (b) any wholly owned Subsidiary of Borrower or any Restricted Subsidiary may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a wholly owned Subsidiary of BorrowerBorrower is the surviving Person.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Consolidations and Mergers. Borrower will not, nor will -------------------------- Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will resultresult therefrom, (a) Borrower may merge or consolidate with another Person so long as Borrower is the surviving corporation, and (b) any Restricted wholly owned Subsidiary of Borrower may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, a wholly owned Subsidiary of BorrowerBorrower is the surviving Person.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Consolidations and Mergers. Borrower will not, nor will Borrower permit any other Credit Party to, consolidate or merge with or into any other Person; provided, that, so long as no Default or Event of Default exists or will result, Borrower or any Restricted Subsidiary of may merge or consolidate with any other Person so long as Borrower or such Restricted Subsidiary is the surviving Person and, in the case of a Restricted Subsidiary, and a wholly owned Subsidiary of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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