Common use of Liquidation or Merger Clause in Contracts

Liquidation or Merger. Neither Company nor any Subsidiary Borrower shall, at any time, liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger or consolidation, other than (i) a merger or consolidation among the Company or any Subsidiary Borrower and one or more of its Subsidiaries; provided, however, that the Company or the relevant Subsidiary Borrower is the surviving Person, (ii) in connection with an Acquisition permitted hereunder effected by a merger in which the Company or any Subsidiary Borrower is the surviving Person, or (iii) a merger or consolidation (including, without limitation, in connection with an Acquisition permitted hereunder) among the Company or any Subsidiary Borrower, on the one hand, and any other Person (including, without limitation, an Affiliate), on the other hand, where the surviving Person (if other than the Company or a Subsidiary Borrower) (A) is a corporation, partnership, or limited liability company organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and (B) on the effective date of such merger or consolidation expressly assumes, by supplemental agreement, executed and delivered to the Administrative Agent, for itself and on behalf of the Lenders and the Issuing Banks, in form and substance reasonably satisfactory to the Majority Lenders, all the Obligations of the Company or the relevant Subsidiary Borrower under the Notes, this Agreement and the other Loan Documents; provided, however, that, in each case, no Default exists or would be caused thereby.

Liquidation or Merger. Neither Company nor The Borrower shall not, and shall not permit any Subsidiary Borrower shallof the Restricted Subsidiaries to, at any time, liquidate or dissolve itself (or suffer any liquidation or dissolution) or otherwise wind up, or enter into any merger or consolidationmerger, other than (i) a merger or consolidation among the Company or any Subsidiary Borrower and one or more of its Restricted Subsidiaries; provided, however, that the Company or Borrower, as the relevant Subsidiary Borrower case may be, is the surviving Person, (ii) a merger between or among two (2) or more Restricted Subsidiaries, (iii) in connection with an Acquisition permitted hereunder effected by a merger in which the Company or any Borrower, as the case may be, or, in a merger in which the Borrower is not a party, a Restricted Subsidiary Borrower is the surviving PersonPerson or the surviving Person becomes a Restricted Subsidiary, or (iiiiv) a merger or consolidation (including, without limitation, in connection with an Acquisition permitted hereunder) among the Company Borrower or any Restricted Subsidiary Borrower, on the one hand, and any other Person (including, without limitation, an Affiliate)Person, on the other hand, where the surviving Person (if other than the Company Borrower or a Subsidiary BorrowerRestricted Subsidiary) (A) is a corporation, partnership, or limited liability company organized and existing under the laws of the United States of America, any State thereof or the District of Columbia Columbia, and (B) on the effective date of such merger or consolidation expressly assumes, by supplemental agreement, executed and delivered to the Administrative Agent, for itself and on behalf of the Lenders and the Issuing BanksBank, in form and substance reasonably satisfactory to the Majority Lenders, all the Obligations of the Company Borrower, or such Restricted Subsidiary, as the relevant Subsidiary Borrower case may be, under the Notes, this Agreement and the other Loan Documents, or (v) a liquidation of a Restricted Subsidiary into the Borrower or another Restricted Subsidiary; provided, however, that, in each case, no Default or Event of Default exists or would be caused thereby.