No Merger definition

No Merger. No merger shall result from Lessee's sublease of the Property under this Article Eight, Lessee's surrender of this Lease or the termination of this Lease in any other manner. In any such event, Lessor may terminate any or all sub-tenancies or succeed to the interest of Lessee as sub-Lessor thereunder.
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No Merger. The foregoing provisions of this Clause 3 shall remain in full force and effect notwithstanding completion of the Subscription.
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No Merger. So long as this Deed of Trust is an encumbrance upon the Mortgaged Property, there shall be no merger of the interest of any lessor or any lessee under any Lease or sublease.
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Examples of No Merger in a sentence

  • No Merger: The rights and obligations of the parties under this letter do not merge on completion of any transaction contemplated by this letter.

  • No Merger The covenants, conditions, provisions and warranties contained in this Agreement do not merge or terminate upon completion of the transactions contemplated in this Agreement but to the extent that they have not been fulfilled and satisfied or are capable of having effect, they remain in full force and effect.

  • No Merger Partner Material Adverse Effect shall have occurred since the date of this Agreement and be continuing.

  • See, e.g., Matthew Weigelt, GSA Recasts Statements on the End of the GWAC Era: No Merger of GWAC and Schedules, Agency Says, Fed.

  • Section 8.1 Assignment Agreement 19 Section 8.2 Covenants of the County 19 Section 8.3 Assignment 19 Section 8.4 Amendments 20 Section 8.5 No Merger 20 ARTICLE IX.

  • No Merger of Fee and Leasehold Estates; Rejection of Lease Agreement.

  • This Agreement may be modified only by an instrument in writing executed by the Parties or their respective successors in interest.14.4 Survival; No Merger.

  • Civil Remedies Preserved; No Merger with Civil Injury Section 107.

  • Clauses 21.2 (Severability), 21.4 (No Waiver), 21.5 (Remedies), 21.6 (No Merger), 21.7 (Costs and Expenses), 21.9 (Further Assurances), 21.11 (Enurement) and 21.13 (Counterparts) of the Joint Venture Agreement apply to this document as if set out in full in this document (with any necessary changes).

  • No Merger: As long as any leasehold mortgage is in existence, unless all Leasehold Mortgagees shall otherwise expressly consent in writing, fee title to the Premises and the leasehold estate of Lessee therein shall not merge, but shall remain separate and distinct, notwithstanding the acquisition of the fee title or leasehold estate by Lessor, Lessee or a third party.


More Definitions of No Merger

No Merger. The obligations under this agreement, to the extent not already performed at Completion, will not merge on Completion, or on the execution and delivery of any document pursuant to this agreement, but will remain enforceable to the fullest extent, notwithstanding any rule of law to the contrary.
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No Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of Landlord terminate all or any existing subleases or subtenancies, or may at the option of Landlord, operate as an assignment to it of any or all such subleases or subtenancies. 21.
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Related to No Merger

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • REMIC Change of Law Any proposed, temporary or final regulation, revenue ruling, revenue procedure or other official announcement or interpretation relating to REMICs and the REMIC Provisions issued after the Closing Date.

  • Consolidation means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; provided that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning.

  • Leasehold of any Person means all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Merger has the meaning set forth in the Recitals.

  • Recapitalization means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event.

  • EDFR means the Eurosystem Deposit Facility Rate, the rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem (comprising the European Central Bank and the national central banks of those countries that have adopted the Euro) as published on the Website of the European Central Bank;

  • Change of Ownership means a change in the individual or legal organization that is responsible for the operation of a nursing facility. Change of ownership does not include changes in personnel, e.g., a change of administrators. Events that change ownership include, but are not limited to, the following:

  • Plan of Merger has the meaning set forth in Section 2.2.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Single Asset Entity means a Person (other than an individual) that (a) only owns a single Property; (b) is engaged only in the business of owning, developing and/or leasing such Property; and (c) receives substantially all of its gross revenues from such Property. In addition, if the assets of a Person consist solely of (i) Equity Interests in one or more Single Asset Entities that directly or indirectly own such single Property and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Permitted Merger shall have the meaning set forth in Section 3.01.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Amalgamation means the amalgamation of the Amalgamating Corporations as contemplated in this Agreement;

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in the Shares is held directly or indirectly (including by a nominee), and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Estates means the estates of the Debtors created by section 541 of the Bankruptcy Code upon the commencement of the Chapter 11 Cases.

  • Agreement and Plan of Merger has the meaning set forth in the first recital above.

  • Interests when used herein shall have the respective meanings specified in the Declaration of Trust of the Trust.

  • First Merger shall have the meaning given in the Recitals hereto.

  • Partnership Change of Control means Tesoro Corporation ceases to Control the General Partner.

  • Effective Time of the Merger means the time as of which the Merger becomes effective, which shall occur on the Funding and Consummation Date.