Common use of No Liquidation Clause in Contracts

No Liquidation. Company shall not adopt a plan of complete or partial liquidation or resolutions providing for or authorizing such a liquidation or a dissolution, restructuring, recapitalization or reorganization.

Appears in 4 contracts

Sources: Merger Agreement (First Choice Bancorp), Merger Agreement (Sierra Bancorp), Merger Agreement (Sierra Bancorp)

No Liquidation. Except pursuant to an internal reorganization, the Company shall not, and shall not permit any of its Subsidiaries to, adopt a plan of complete or partial liquidation or resolutions providing for or authorizing such a liquidation or a dissolution, restructuring, recapitalization or reorganization.

Appears in 3 contracts

Sources: Arrangement Agreement (Magnum Hunter Resources Corp), Arrangement Agreement (Magnum Hunter Resources Corp), Arrangement Agreement (NGAS Resources Inc)

No Liquidation. The Company shall not, and shall not permit any of its Subsidiaries to, adopt a plan of complete or partial liquidation or resolutions providing for or authorizing such a liquidation or a dissolution, restructuring, recapitalization or reorganization.

Appears in 3 contracts

Sources: Arrangement Agreement (Nabors Industries LTD), Arrangement Agreement (Tesco Corp), Merger Agreement (Kendle International Inc)

No Liquidation. Company shall not, and shall not permit any of its Significant Subsidiaries to, adopt a plan of complete or partial liquidation or resolutions providing for or authorizing such a liquidation or a dissolution, restructuring, recapitalization or reorganization.

Appears in 2 contracts

Sources: Merger Agreement (Traffix Inc), Merger Agreement (New Motion, Inc.)