Common use of Consolidation, Merger, Sale of Assets, etc Clause in Contracts

Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, wind up, liquidate or dissolve its affairs or enter into any transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of all or substantially all of its assets or any of the Collateral, or enter into any sale-leaseback transactions involving any of the Collateral, except that:

Appears in 5 contracts

Samples: Credit Agreement (Baltic Trading LTD), Credit Agreement (Baltic Trading LTD), Pledge and Security Agreement (Genco Shipping & Trading LTD)

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Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, wind up, liquidate or dissolve its affairs or enter into into, any transaction of merger or consolidation, or convey, sell, lease lease, charter or otherwise dispose of all or substantially all of its assets (determined on a consolidated basis) or any of the Collateral, or enter into any sale-leaseback transactions involving all or substantially all of its assets (determined on a consolidated basis) or any of the Collateral, except that:

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, wind up, liquidate or dissolve its affairs affairs, or enter into any transaction of merger or consolidation, or convey, sell, lease sell or otherwise dispose of all or substantially all any part of its property or assets (other than inventory or obsolete equipment or excess equipment no longer needed in the conduct of the business in the ordinary course of business) or agree to do any of the Collateral, or enter into foregoing at any sale-leaseback transactions involving any of the Collateralfuture time, except thatthat the following shall be permitted:

Appears in 2 contracts

Samples: Credit Agreement (Noble Drilling Corp), Credit Agreement (Diamond Offshore Drilling Inc)

Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, to wind up, liquidate or dissolve its affairs or enter into any transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of (or agree to do any of the foregoing at any future time) all or substantially all of its assets or any of the Collateral, or enter into any sale-leaseback transactions involving any of the CollateralCollateral (or agree to do so at any future time), except that:

Appears in 2 contracts

Samples: Credit Agreement (General Maritime Corp/), Credit Agreement (General Maritime Corp/)

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Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, wind up, liquidate or dissolve its affairs affairs, or enter into any transaction of merger or consolidation, or convey, sell, lease sell or otherwise dispose of all or substantially all any part of its property or assets (other than inventory, equipment or Cash Equivalents sold in the ordinary course of business) or agree to do any of the Collateral, or enter into foregoing at any sale-leaseback transactions involving any of the Collateralfuture time, except thatthat the following shall be permitted:

Appears in 1 contract

Samples: Credit Agreement (Pike Electric CORP)

Consolidation, Merger, Sale of Assets, etc. The Borrower will not, and will not permit any Subsidiary Guarantor to, to wind up, liquidate or dissolve its affairs or enter into any transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of all or substantially all of its assets or any of the Collateral, or enter into any sale-leaseback transactions involving any of the Collateral, except that:

Appears in 1 contract

Samples: Credit Agreement (Genco Shipping & Trading LTD)

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