Common use of Transfer; Merger Clause in Contracts

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or substantially all of its assets. The Borrower shall not, either directly or indirectly, sell, transfer, license, lease, encumber or otherwise dispose of any core utility operating asset, as reasonably determined by the parties, unless such sales, transfers, licenses, leases, encumbrances and other dispositions do not exceed $25,000,000.00 in the aggregate at any time.

Transfer; Merger. The Borrower shall not, either directly or indirectly, merge, consolidate, sell, transfer, license, lease, encumber or otherwise dispose of all or substantially any part of its property or business or all or any substantial part of its assets. The Borrower shall not, either directly or indirectlysell or discount (with or without recourse) any of its Promissory Notes, sellChattel Paper, transfer, license, lease, encumber Payment Intangibles or otherwise dispose of any core utility operating asset, as reasonably determined by the parties, unless such sales, transfers, licenses, leases, encumbrances and Accounts other dispositions do not exceed $25,000,000.00 than in the aggregate at any timeordinary course of its business.