Common use of Prohibited Act Clause in Contracts

Prohibited Act. Seller will not merge or consolidate with or into any other corporation, partnership or trust, sell, lease, or otherwise dispose of any of the assets (except in accordance with Section 8.1 hereof), sell any additional partnership interests, liquidate, or dissolve, nor agree to do any of the foregoing.

Appears in 2 contracts

Sources: Asset Purchase Agreement (NHP Retirement Housing Partners I LTD Partnership), Asset Purchase Agreement (Capital Senior Living Corp)

Prohibited Act. Seller will not merge or consolidate with or into any other corporation, partnership partnership, or trust, sell, lease, or otherwise dispose of any of the assets (except in accordance with Section 8.1 hereof), sell any additional partnership interests, liquidate, or dissolve, nor agree to do any of the foregoing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Capital Senior Living Corp)