Common use of Consolidation and Merger; Change of Business Clause in Contracts

Consolidation and Merger; Change of Business. Liquidate or dissolve or enter into any consolidation or merger or enter into any partnership, joint venture, syndicate or other combination or make any change in the nature of its business as presently conducted.

Appears in 4 contracts

Samples: Loan Agreement (Apple REIT Seven, Inc.), Loan Agreement (NNN Apartment REIT, Inc.), Credit Agreement (Apple Suites Inc)

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Consolidation and Merger; Change of Business. Liquidate or dissolve or enter into any consolidation or merger or enter into any consolidation, merger, partnership, joint venture, syndicate or other combination or make any change in the nature of its business as presently a mortgage banker as currently conducted, or conduct any business other than a mortgage banking business; provided, however, that the foregoing restrictions will not be construed to prohibit the Company from entering into customary correspondent contracts.

Appears in 2 contracts

Samples: Mortgage Loan Warehousing Agreement (Emergent Group Inc), Mortgage Loan Warehousing Agreement (Emergent Group Inc)

Consolidation and Merger; Change of Business. Liquidate or dissolve or enter into any consolidation or merger or enter into any consolidation, merger, partnership, joint venture, syndicate or other combination or make any material change in the nature of its business as presently conducted.

Appears in 1 contract

Samples: Credit Agreement (Allied Capital Lending Corp)

Consolidation and Merger; Change of Business. Liquidate or -------------------------------------------- dissolve or enter into any consolidation or merger or enter into any consolidation, merger, partnership, joint venture, syndicate or other combination or make any change in the nature of its business as a mortgage banker as presently conducted.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Novastar Financial Inc)

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Consolidation and Merger; Change of Business. Liquidate or dissolve or enter into any consolidation or merger or enter into any consolidation, merger, partnership, joint venture, syndicate or other combination or make any change in the nature of its business as presently conducted.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Novastar Financial Inc)

Consolidation and Merger; Change of Business. Liquidate or dissolve or enter into any consolidation or merger or enter into any consolidation, merger, partnership, joint venture, syndicate or other combination or make any change in the nature of its business as presently a mortgage banker as currently conducted, or conduct any business other than a mortgage banking business; provided, however, that the foregoing restrictions will not be construed to prohibit (i) any Company from entering into customary correspondent contracts and (ii) the liquidation, dissolution, consolidation or merger of Sterling into any other Person.

Appears in 1 contract

Samples: Pledge Agreement (Emergent Group Inc)

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