Common use of Restriction on Fundamental Changes; Asset Sales Clause in Contracts

Restriction on Fundamental Changes; Asset Sales. Company shall not, and shall not permit any of its Subsidiaries to, alter the corporate, capital or legal structure of Company or any of its Subsidiaries, create any new Subsidiaries or enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its business, property or fixed assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise any part of the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person, except:

Appears in 9 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Credit Agreement (Aurora Foods Inc), Credit Agreement (Gulf State Credit LLP)

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Restriction on Fundamental Changes; Asset Sales. Holdings and Company shall not, and shall not permit any of its their respective Subsidiaries to, alter the corporate, capital or legal structure of Company Holdings or any of its Subsidiaries, create any new Subsidiaries or enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its business, property or fixed assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise any part of the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person, except:

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Restriction on Fundamental Changes; Asset Sales. Company shall not, and shall not permit any of its Subsidiaries to, alter the corporate, capital or legal structure of Company or any of its Subsidiaries, create any new Subsidiaries or enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its business, property or fixed assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise any part of all or substantially all the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person, except:

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Falcon Financial Investment Trust)

Restriction on Fundamental Changes; Asset Sales. The Company shall not, and shall not permit any of its Subsidiaries to, alter the corporate, capital or legal structure of the Company or any of its Subsidiaries, create any new Subsidiaries or enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its business, property business or fixed assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise any all or a substantial part of the business, property business or fixed assets of, or stock Capital Stock or other evidence of beneficial ownership of, any PersonPerson or any unit or division thereof, except:except the Company and its Subsidiaries may acquire inventory, equipment and other assets in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Smartalk Teleservices Inc)

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Restriction on Fundamental Changes; Asset Sales. Holdings and Company shall not, and shall not permit any of its their respective Subsidiaries to, alter the corporate, capital or legal structure of Company Holdings or any of its Subsidiaries, create any new Subsidiaries or enter into any transaction of merger or consolidation, or liquidate, wind-up windup or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its business, property or fixed assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise any part of the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person, except:

Appears in 1 contract

Samples: Security Agreement (MBW Foods Inc)

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