Common use of A Restricted Subsidiary May Consolidate, Etc. Only On Certain Terms Clause in Contracts

A Restricted Subsidiary May Consolidate, Etc. Only On Certain Terms. (a) A Restricted Subsidiary shall not consolidate with, amalgamate with, merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets in one transaction or a series of related transactions to, any Person unless either: (1) (A) (i) the Restricted Subsidiary shall be the continuing Person or (ii) the Person formed by such consolidation, amalgamation or merger (if other than the Restricted Subsidiary) or to which such sale, assignment, transfer, lease, conveyance or other disposition is made, shall be an entity organized and existing under the laws of the United States or any State thereof or the District of Columbia or the laws of Canada or any province or territory thereof and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of the Restricted Subsidiary under this Indenture, its Guarantee, the Collateral Documents and other Secured Debt Documents, and the obligations thereunder shall remain in full force and effect;

Appears in 3 contracts

Sources: Second Supplemental Indenture (Catalyst Paper Corp), First Supplemental Indenture (Catalyst Paper General Partnership), First Supplemental Indenture (Catalyst Paper Corp)