Common use of Mergers; Dissolution Clause in Contracts

Mergers; Dissolution. No Loan Party will (i) merge, migrate or consolidate or take any analogous corporate, limited partnership or exempted limited partnership action with or into any Person, unless a Loan Party, as applicable, is the surviving entity, (ii) permit any Managing Entity or any Qualified Borrower to merge or consolidate with or into any Person, unless such Managing Entity or such Qualified Borrower is the surviving entity. No Loan Party shall take any action to dissolve, terminate, merge or consolidate any Loan Party including, without limitation, any action to sell or dispose of all or substantially all of the property of any Loan Party, if the intention of such sale is to cause an effective merger, but for the avoidance of doubt, nothing in the foregoing shall in any way restrict the disposal of an Investment; or (iii) will carry out or permit any Loan Party to carry out any Delaware Division.

Mergers; Dissolution. No Loan Party will (i) merge, migrate or consolidate or take any analogous corporate, limited partnership or exempted limited partnership action with or into any Person, unless a Loan Party, as applicable, is the surviving entity, (ii) permit any Managing Entity or any Qualified Borrower to merge or consolidate with or into any Person, unless USActive 61477672.3USActive 61994469.1-97- such Managing Entity or such Qualified Borrower is the surviving entity. No Loan Party shall take any action to dissolve, terminate, merge or consolidate any Loan Party including, without limitation, any action to sell or dispose of all or substantially all of the property of any Loan Party, if the intention of such sale is to cause an effective merger, but for the avoidance of doubt, nothing in the foregoing shall in any way restrict the disposal of an Investment; or (iii) will carry out or permit any Loan Party to carry out any Delaware Division.

Mergers; Dissolution. No Loan Party will (i) merge, migrate or consolidate or take any analogous corporate, limited partnership or exempted limited partnership action with or into any Person, unless a Loan Party, as applicable, is the surviving entity, (ii) permit any Managing Entity or any Qualified Borrower to merge or consolidate with or into any Person, unless such Managing Entity or such Qualified Borrower is the surviving entity. No Loan Party shall take any action to dissolve, terminate, merge or consolidate any Loan Party including, without limitation, any action to sell or dispose of all or substantially all of the property of any Loan Party, if the intention of such sale is to cause an effective merger, but for the avoidance of doubt, nothing in the foregoing shall in any way restrict the disposal of an InvestmentInvestmentinvestment; or (iii) will carry out or permit any Loan Party to carry out any Delaware Division.

Mergers; Dissolution. No Loan Party will (i) merge, migrate or consolidate or take any analogous corporate, limited partnership corporate or exempted limited partnership action with or into any Person, unless a Loan Party, as applicable, is the surviving entity, (ii) permit any Managing Entity or any Qualified Borrower to merge or consolidate with or into any Person, unless such Managing Entity or such Qualified Borrower is the surviving entity. No Loan Party shall take any action to dissolve, terminate, merge or consolidate any Loan Party including, without limitation, any action to sell or dispose of all or substantially all of the property of any Loan Party, if the intention of such sale is to cause an effective merger, but for the avoidance of doubt, nothing in the foregoing shall in any way restrict the disposal of an Investment; or (iii) will carry out or permit any Loan Party to carry out any Delaware Division.