Common use of Limitation on Mergers, Etc Clause in Contracts

Limitation on Mergers, Etc. It shall not consolidate with or merge with or into any Person or transfer all or substantially all of its assets to any Person or liquidate or dissolve except as provided in the Operative Documents or as permitted hereby. It shall furnish to the Insurer all information requested by the Insurer that is reasonably necessary to determine compliance with this paragraph.

Appears in 2 contracts

Sources: Insurance and Indemnity Agreement (Indymac MBS Inc), Insurance and Indemnity Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1)

Limitation on Mergers, Etc. It The Issuing Entity shall not consolidate with or merge with or into any Person or transfer all or substantially all of its assets to any Person or liquidate or dissolve except as provided in the Operative Documents Indenture or as permitted hereby. It The Issuing Entity shall furnish to the Insurer all information requested by the Insurer it that is reasonably necessary to determine compliance with this paragraph.

Appears in 1 contract

Sources: Insurance and Indemnity Agreement (Indymac MBS Inc)