Limitations on Mergers and Liquidation. Merge, consolidate or enter into any similar combination with any other Person or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution) except (i) any Co-Borrowers or any Material Subsidiary of either Co-Borrower that is a Guarantor may merge with either Co-Borrower or any other Material Subsidiary of either Co-Borrower that is a Guarantor and (ii) any Material Subsidiary may merge with or into any other Person for the purpose of consummating any acquisition permitted by Section 9.4 as long as either a Co-Borrower or a Material Subsidiary that is a Guarantor is the surviving Person and no Default or Event of Default shall have occurred before and after giving effect to such merger.
Appears in 3 contracts
Samples: Credit Agreement (Scientific Games Holdings Corp), Credit Agreement (Scientific Games Holdings Corp), Day Credit Agreement (Scientific Games Holdings Corp)
