Common use of When Subsidiary Guarantors May Merge or Transfer Assets Clause in Contracts

When Subsidiary Guarantors May Merge or Transfer Assets. (a) Subject to the provisions of Section 9.20 relating to the sale or disposition of a Subsidiary Guarantor, no Subsidiary Guarantor will, and the Borrower will not permit any Subsidiary Guarantor to, consolidate, amalgamate or merge with or into or wind up into (whether or not such Subsidiary Guarantor is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to, any Person unless such sale or disposition or consolidation, amalgamation or merger is made in connection with the Termination and Debrand Agreement specified on Schedule 6.09 or otherwise is not in violation of Section 6.04. (b) In addition, notwithstanding the foregoing, a Subsidiary Guarantor may consolidate, amalgamate or merge with or into or wind up into, liquidate, dissolve, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets to the Borrower or any other Subsidiary Guarantor.