Merge or Consolidate Sample Clauses
The "Merge or Consolidate" clause defines the rights and procedures that apply if one of the parties to the agreement merges with, or is consolidated into, another entity. Typically, this clause outlines whether the obligations and rights under the contract automatically transfer to the new or surviving entity, and may require notification or consent from the other party. Its core function is to ensure continuity and clarity regarding contractual obligations in the event of significant corporate restructuring, thereby preventing disputes or uncertainty about who is responsible for fulfilling the contract.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization, provided however, that Borrower may make business acquisitions of up to $5,000,000.00 in any one fiscal year.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization; provided, however, that this Section 6.4 shall not apply to transactions in which Borrower is the surviving entity.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization without the prior written consent of Bank, which consent shall not be unreasonably withheld.
Merge or Consolidate. The Individual Managers are authorized to merge or consolidate the Company only with the consent of the Member, subject to prior consent from the Settlor to the Member.
Merge or Consolidate. Shall not, and shall not suffer or permit any of the other Loan Parties to, liquidate or dissolve, merge or consolidate with or into any other business organization.
Merge or Consolidate. Enter into any agreement for the merger or consolidation of Seller into or with any other corporation or entity.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization, provided however, that this Section 5.4 shall not apply to transactions in which Borrower is the surviving entity. Provided further, that if any acquisition is made by Borrower which has a forecasted debt in excess of $25,000,000 upon the date of closing, the acquisition must be projected to be accretive to EBITDA in the first year of the acquisition.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate 33% of its assets or operations with or into, any other business organization The Borrower shall obtain written approval from the Bank before making any controlling acquisitions in an amount greater than $25 million and which is outside of the food service or bakery industries. The Bank acknowledges that any wholly-owned subsidiary of Borrower may liquidate or dissolve or merge or consolidate all or part of its assets or operations, or undertake other commercial and financial transactions with another wholly-owned subsidiary of Borrower if the Borrower determines in good faith that such activities are in the best interests of Borrower and do not disadvantage the Bank without Bank’s prior approval.
Merge or Consolidate. Not liquidate or dissolve, merge or consolidate with or into, or acquire any other business organization, provided however, that Borrowers may make business acquisitions on a consolidated basis of up to $15,000,000 in cash and $25,000,000 in the aggregate.