Common use of Mergers, Consolidations or Sales Clause in Contracts

Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) enter into any joint venture or partnership with any person, firm, or corporation; (c) convey, lease, or sell all or any material portion of its property or assets or business to any other person, firm, or corporation except for the sale of Inventory in the ordinary course of its business and in accordance with the terms of this Agreement; or (d) convey, lease, or sell any of its assets to any person, firm or corporation for less than the fair market value thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (Napco Security Systems Inc)

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Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) enter into any joint venture or partnership with any person, firm, or corporation; (c) convey, lease, or sell all or any material portion of its property or assets or business to any other person, firm, or corporation except for the sale of Inventory in the ordinary course of its business and in accordance with the terms of this Agreement; or (d) convey, lease, or sell any of its assets to any person, firm firm, or corporation for less than the fair market value thereof.

Appears in 2 contracts

Samples: Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Computone Corporation)

Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) enter into any joint venture or partnership with any person, firm, or corporation; (c) convey, lease, or sell all or any material portion of its is property or assets or business to any other person, firm, or corporation except for the sale safe of Inventory in the ordinary course of its business and in accordance with the terms of this Agreement; or (d) convey, lease, or sell any of its assets to any person, firm firm, or corporation for less than the fair market value thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Delsoft Consulting Inc)

Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) or enter into any joint venture or partnership with any person, firm, firm or corporation; (c) or convey, lease, or sell all or any material portion of its property or assets or business to any other person, firm, or corporation corporation, except for the sale of Inventory in the ordinary course of its business and in accordance with the terms of this Agreementbusiness; or (d) convey, lease, or sell any of its assets to any person, firm or corporation for less than the fair market value thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Jupitermedia Corp)

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Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) enter into any joint venture or partnership with any person, firm, or corporation; (c) convey, lease, or sell all or any material portion of its property or assets or business to any other person, firm, or corporation except for the sale of Inventory in the ordinary course of its business and in accordance with the terms of this Agreement; or (d) convey, lease, or sell any of its assets to any person, firm firm, or corporation for less than the fair market value thereof.. 10.6

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

Mergers, Consolidations or Sales. (a) Merge or consolidate with or into any corporation; (b) enter into any joint venture or partnership with any person, firm, or corporation; (c) convey, lease, or sell all or any material portion of its property or assets or business to any other person, firm, or corporation except for the sale of Inventory in the ordinary course of its business and in accordance with the terms of this Agreementcorporation; or (d) convey, lease, or sell any of its assets to any person, firm firm, or corporation for less than the fair market value thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Otr Express Inc/Ks)

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