Common use of No Pending Transactions Clause in Contracts

No Pending Transactions. Except for the Merger and other transactions contemplated by this Agreement, the Company is not a party to or bound by or the subject of any agreement, undertaking or commitment with any person that could result in (i) the sale, merger, consolidation or recapitalization of the Company, (ii) the sale of all or substantially all of the assets of the Company, or (iii) a change of control of more than ten percent (10%) of the outstanding capital stock of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Career Education Corp), Agreement and Plan of Merger (California Culinary Academy Inc), Agreement and Plan of Merger (Career Education Corp)

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No Pending Transactions. Except for the Merger and other transactions contemplated by this Agreement, the Company is not a party to or bound by or the subject of any agreement, undertaking undertaking, commitment or commitment discussions or negotiations with any person that could result in (i) the sale, merger, consolidation or recapitalization of the Company, (ii) the sale of all or substantially all of the assets of the Company, or (iii) a change of control of more than ten five percent (10%) of the outstanding capital stock of the Company.

Appears in 1 contract

Samples: Stock Exchange Agreement (Sheer Ventures Inc.)

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