Mergers and demergers. Except with the prior written consent of the Required Lenders, the Obligors will not, and shall procure that no other member of the Group will (i) enter into any merger or consolidation with any other company unless with another Group member and each Obligor will survive as a separate legal entity remaining bound in all respects by its obligations and liabilities under the Finance Documents or (ii) demerge itself into any two or more companies.
Mergers and demergers. A decision is made that any Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect or a decision where the Issuer shall enter into a merger where the Issuer is not the surviving entity or a demerger.
Mergers and demergers. The Issuer shall not, and shall procure that none of its Subsidiaries, enter into a merger or demerger if such merger or demerger is likely to have a Material Adverse Effect. The Issuer shall not enter into a merger where the Issuer is not the surviving entity and the Issuer shall not enter into a demerger.
Mergers and demergers. A decision is made that any Material Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect, provided that a merger involving the Issuer or the US HoldCo, where the Issuer is not the surviving entity and, in relation to US HoldCo only, where US HoldCo is not the surviving entity and the surviving entity does not assume the obligations of the US HoldCo, shall always be considered an Event of Default and provided that the Issuer or US HoldCo may not be demerged.
Mergers and demergers. (a) A decision is made that any Group Company shall be merged or demerged into a company which is not a Group Company, unless the Agent has given its consent (not to be unreasonably withheld or delayed) in writing prior to the merger and/or demerger (where consent is not to be understood as a waiver of the rights that applicable law at the time assigns the concerned creditors).
Mergers and demergers. (a) Subject to the terms of the Intercreditor Agreement and paragraph (b) below, the Issuer shall not and shall procure that no Material Company will demerge or merge with an entity not being a Group Company if:
Mergers and demergers. Save for any LP1 Permitted Merger and any LP2 Permitted Merger, a decision is made that any Material Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect, provided that a merger involving the Issuer, where the Issuer is not the surviving entity, shall always be considered an Event of Default and provided that the Issuer may not be demerged.
Mergers and demergers. Not merge or consolidate with, unless the Customer is the surviving entity or enter into any material demerger or divestiture transaction outside of contemplated transactions known to the Bank at the time of signing of the Agreement.
Mergers and demergers. Except with the prior written consent of the Required Lenders, the Ocean Rig Obligors will not, and shall procure that no other Ocean Rig Obligor will:
Mergers and demergers. Except with the prior written consent of the Majority Lenders, the Guarantors will not (i) enter into any merger or consolidation with any other company unless with another Group member and provided that the Guarantors will survive as separate legal entities remaining bound in all respects by their obligations and liabilities under the Finance Documents or (ii) demerge themselves into any two or more companies or (iii) undertake any corporate restructuring.
