Common use of No Liquidation Clause in Contracts

No Liquidation. Parent 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 4 contracts

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