Common use of Merger or Dissolution Clause in Contracts

Merger or Dissolution. It will not enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), sell all or substantially all of its assets or change its name, identity or corporate structure, provided that the Seller may merge and consolidate with any Person if the Seller is the surviving corporation, or the entity into which it merges has equity and a market value of at least that of the Seller immediately prior to such merger and such entity expressly assumes the obligations of the Seller at the time of such merger and, after giving effect thereto, no Default or Event of Default would exist hereunder;

Appears in 3 contracts

Sources: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)