Common use of Merger of the Guarantor Clause in Contracts

Merger of the Guarantor. The Guarantor shall not at any time, directly or indirectly, (i) liquidate or dissolve or enter into any consolidation or merger or be subject to a Change in Control without the Buyer’s prior consent; (ii) form or enter into any partnership, joint venture, syndicate or other combination which would have a Material Adverse Effect; or (iii) make any Material Adverse Change with respect to the Guarantor.

Appears in 2 contracts

Sources: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Merger of the Guarantor. The Guarantor shall not at any time, directly or indirectly, (i) liquidate or dissolve or enter into any consolidation or merger or be subject to a Change in Control without providing at least five (5) Business Days prior written notice of such event to the Buyer’s prior consent; (ii) form or enter into any partnership, joint venture, syndicate or other combination which would have a Material Adverse EffectEffect with respect to the Guarantor; or (iii) make permit any Material Adverse Change to occur with respect to the Guarantor or the Guarantor’s Subsidiaries.

Appears in 1 contract

Sources: Master Repurchase Agreement (New Century Financial Corp)