SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will neither liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will neither liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another in excess of Five Million Dollars ($5,000,000) during the term of this agreement, without prior consent of Bank.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will neither liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another; provided, however, Borrower may acquire, merge or consolidate with another corporation if Borrower is the surviving corporation and the aggregate value of the assets so transferred does not exceed Ten Million Dollars ($10,000,000) in any fiscal year and such assets will not be subject to any lien or encumbrance following the effective date of such combination.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will not liquidate, dissolve or enter into any consolidation, merger, partnership or other combination, or convey, sell or lease all or the greater part of its assets or business, or purchase or lease all or the greater part of the assets or business of another; provided, however, that Borrower may acquire, merge or consolidate if Borrower is the surviving entity and the aggregate value of the assets so transferred does not exceed ten percent (10%) of Borrower's Tangible Net Worth as of the end of the month prior to the effective date of such combination, such assets will not be subject to any Lien following the effective date of such combination, and no Event of Default shall have occurred and be continuing or shall result therefrom.
SALE OF ASSETS, LIQUIDATION OR MERGER. If any event of default shall exist, Borrowers will not liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another. 5.4
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will not liquidate or dissolve or enter into any transaction resulting in a Change in Control.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will not liquidate, dissolve or enter into any consolidation, merger, partnership or other combination, nor convey, sell or lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another; provided, however, that Borrower may purchase all or the greater part of the assets or business of another so long as (a) no Event of Default or event which, with the lapse of time or notice, or both, would become an Event of Default, has occurred and is continuing or would result therefrom, (b) Borrower provides Bank with prior written notice thereof and (c) the sum of (i) the aggregate amount of all such acquisitions plus (ii) the aggregate outstanding principal amount of all loans, advances and guaranties permitted under subsection 5.4(b) hereof shall not exceed Five Million Dollars ($5,000,000) at any time.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will neither liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another in excess of 9500,000 without Bank's written consent, except for the sale of Borrower's preferred stock pursuant to the Stock Purchase Agreement dated November 18, 1994 between Borrower and Science Applications International Corporation ("SAIC") representing a maximum of twenty percent (20%) of the aggregate shares outstanding.
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will neither liquidate nor dissolve nor enter into any consolidation, merger, partnership or other combination, nor convey, nor sell, nor lease all or the greater part of its assets or business, nor purchase or lease all or the greater part of the assets or business of another where the total purchase price exceeds Thirty Million Dollars ($30,000,000) or where the cash consideration exceeds Fifteen Million Dollars ($15,000,000).
SALE OF ASSETS, LIQUIDATION OR MERGER. Borrower will not, and will not permit any Subsidiary to (a) liquidate, dissolve or enter into any consolidation, merger, partnership, joint venture or other combination, (b) convey, sell or lease all or the greater part of its assets or business, or (c) purchase or lease all or the greater part of the assets or business of another if the total purchase price exceeds Thirty Million Dollars ($30,000,000) or the cash consideration exceeds Fifteen Million Dollars ($15,000,000).
