Common use of Sale or Merger Clause in Contracts

Sale or Merger. Borrower will not sell to, merge or consolidate with any person or entity or permit any such merger or consolidation with the Borrower, except for:

Sale or Merger. Borrower will not sell to, merge or consolidate with any person or entity or permit any such merger or consolidation with the Borrower, except for:: a) mergers between Borrower and any of its subsidiaries or between any of its subsidiaries, and b) mergers in which Borrower is the surviving entity.

Sale or Merger. Borrower will not sell to, merge or consolidate with any person or entity or permit any such merger or consolidation with the Borrower, except for:: a) mergers between Borrower and any of its subsidiaries, and b) mergers in which Borrower is the surviving entity.