Liquidation Recapitalization Etc. The Company shall not, and shall not permit any of its Subsidiaries to, liquidate, dissolve or effect a recapitalization or reorganization in any form of transaction without the prior written consent of the Purchaser; provided, however, that such prohibition shall not prevent the Company from transferring assets to wholly-owned subsidiaries of the Company or of other wholly-owned subsidiaries of the Company in the ordinary course of business.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Venturi Technologies Inc), Stock Purchase Agreement (Beaulieu Group LLC)
Liquidation Recapitalization Etc. The Company shall not, and shall not permit any of its Subsidiaries to, liquidate, dissolve or effect a recapitalization or reorganization in any form of transaction without the prior written consent of the Purchaser; Greenwich, provided, however, that such prohibition shall not prevent the Company from transferring assets to wholly-owned subsidiaries of the Company or of other wholly-owned subsidiaries of the Company in the ordinary course of business.
Appears in 1 contract
Sources: Securities Purchase Agreement (Venturi Technologies Inc)