Common use of Restriction on Fundamental Changes Clause in Contracts

Restriction on Fundamental Changes. (a) The Borrower shall not enter into any merger or consolidation or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or any part of its business or property, whether now or hereafter acquired, except for transfers of its property expressly permitted by the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Fifth Street Senior Floating Rate Corp.), Credit Agreement (Fifth Street Senior Floating Rate Corp.), Credit Agreement (FS Energy & Power Fund)

AutoNDA by SimpleDocs

Restriction on Fundamental Changes. (a) The Except as contemplated by the Merger Agreement, the Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or in a series of transactions, all or any material part of its business or property, whether now or hereafter acquired, except for transfers of its property expressly permitted by the Loan Documents.

Appears in 3 contracts

Samples: Bridge Loan Agreement (Metromedia International Group Inc), Bridge Loan Agreement (PLD Telekom Inc), Bridge Loan Agreement (PLD Telekom Inc)

Restriction on Fundamental Changes. (a) The Neither Borrower shall, nor shall not either Borrower permit any of its Subsidiaries to, enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or any part substantially all of its such Person's business or propertyProperty, whether now or hereafter acquired, except for transfers of its property expressly permitted by the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Freedom Chemical Co), Credit Agreement (Freedom Chemical Co)

Restriction on Fundamental Changes. (a) The Neither the Borrower nor any of its Subsidiaries shall not enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or substantially all of the Borrower’s or any part of its such Subsidiary’s business or property, whether now or hereafter acquired, except for transfers of its property expressly transactions permitted by the Loan Documentsunder Sections 7.3(B).

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

Restriction on Fundamental Changes. (a) The Neither the Borrower nor any of its Subsidiaries shall not enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or substantially all of the Borrower's or any part of its such Subsidiary's business or property, whether now or hereafter acquired, except for transfers of its property expressly transactions permitted by the Loan Documentsunder Sections 7.3(B).

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

Restriction on Fundamental Changes. (a) The Borrower shall not enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or any part substantially all of its the Borrower's business or propertyProperty, whether now or hereafter acquired, except for transfers of its property expressly transactions permitted under Section 9.02 or transactions contemplated by the Loan Transaction Documents.

Appears in 1 contract

Samples: Credit Agreement (Foamex Capital Corp)

AutoNDA by SimpleDocs

Restriction on Fundamental Changes. (a) The Borrower shall will not enter into any merger or consolidation or reorganization. The Borrower shall not consolidation, liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue substantially all of its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or any part of its business or property, whether now or hereafter acquired, except for transfers of its property expressly permitted by the Loan Documents.of

Appears in 1 contract

Samples: Agreement (Ultramar Diamond Shamrock Corp)

Restriction on Fundamental Changes. (a) The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), ) or discontinue its business business, except that any Subsidiary of Borrower may merge into or convey, lease, sell, lease or transfer or otherwise dispose of, in one transaction or series of transactions, all or any part substantially all of its business assets to Borrower or property, whether now or hereafter acquired, except for transfers any other Subsidiary of its property expressly permitted by the Loan DocumentsBorrower (other than GAQSC).

Appears in 1 contract

Samples: Credit Agreement (American Classic Voyages Co)

Restriction on Fundamental Changes. (a) The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any merger or consolidation consolidation, or reorganization. The Borrower shall not liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or any substantial part of its business or property, whether now or hereafter acquired, except for transfers of its property expressly as otherwise permitted by the Loan Documentsunder Section 6.5.

Appears in 1 contract

Samples: Credit Agreement (Amre Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.