Fundamental Changes; Acquisitions; Disposition of Collateral. No Credit Party shall (i) enter into any transaction of merger, amalgamation or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or (ii) other than the sale of obsolete or worn out equipment, convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets (including, but not limited to, the Originating Subsidiary Loans and the Receivables) or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, or (iii) acquire by purchase or otherwise the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person. No Credit Party shall convey, sell, exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of the Collateral, other than the sale of Liquid Money Receivables by Mogo Financial (i) to the Liquid Money Borrower pursuant to the Purchase Agreement (as defined in the Liquid Money Credit Agreement), or (ii) as otherwise expressly permitted pursuant to Section 3 (Right of First Refusal – Sale of Eligible Receivables) of the EROFR Agreement (as defined in the Liquid Money Credit Agreement).
Fundamental Changes; Acquisitions; Disposition of Collateral. No Credit Party shall (i) enter into any transaction of merger, amalgamation or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or (ii) other than the sale of obsolete or worn out equipment, convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business assets (including, but not limited to, the Originating Subsidiary Loans and the Receivables) or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, that are required for the ongoing operations of the Credit Parties, other than Parent’s interest in the Existing Investments provided such disposition is done for not less than ninety percent (90%) of the Existing Investment’s book value and such disposition is to an arm’s length party or (iii) acquire by purchase or otherwise the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person. No Credit Party shall convey, sell, exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of the Collateral, other than the sale of Liquid Money Receivables by Mogo Financial (i) to the Liquid Money Borrower pursuant to the Purchase Agreement (as defined in the Liquid Money Credit Agreement), or (ii) as otherwise expressly permitted pursuant to Section 3 (Right of First Refusal - Sale of Eligible Receivables) of the EROFR Agreement (as defined in the Liquid Money Credit Agreement).
Fundamental Changes; Acquisitions; Disposition of Collateral. No Credit Party nor any of its Subsidiaries shall (i) enter into any transaction of merger, amalgamation or consolidation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or (ii) other than the sale of obsolete or worn out equipment, convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business assets (including, but not limited to, the Originating Subsidiary Loans and the Receivables) or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, that are required for the ongoing operations of the Credit Parties, other than Parent’s interest in the Existing Investments provided each such disposition is done for not less than ninety percent (90%) of the Existing Investment’s book value and such disposition is to an arm’s length party, or (iii) acquire by purchase or otherwise the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person. No Credit Party shall convey, sell, exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of the Collateral.
