Common use of Mergers and demergers Clause in Contracts

Mergers and demergers. The Issuer shall not, and shall procure that none of its Subsidiaries, enter into a merger or demerger if such merger or demerger is likely to have a Material Adverse Effect. The Issuer shall not enter into a merger where the Issuer is not the surviving entity and the Issuer shall not enter into a demerger.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement, Amendment and Restatement Agreement

Mergers and demergers. (a) The Issuer shall not, and shall procure that none of its Subsidiaries, enter into a merger or demerger if such merger or demerger is likely to have a Material Adverse Effect. . (b) The Issuer shall not enter into a merger where the Issuer is not the surviving entity and the Issuer shall not enter into a demerger.

Appears in 1 contract

Sources: Amendment and Restatement Agreement