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

Consolidation and Merger; Change of Business. (i) Liquidate or -------------------------------------------- dissolve or enter into any consolidation or merger (provided that any of the -------- Companies may enter into a consolidation or merger so long as (A) such Company is the surviving entity after such consolidation or merger, and (B) such consolidation or merger does not create a default under Paragraph 12(c)(iii) hereof); (ii) form or enter into any partnership, joint venture, syndicate or other combination which would have a material adverse effect on the business, operations, assets or financial condition of the Companies taken as a whole; or (iii) make any material change in the nature of its business as a mortgage banker, mortgage conduit, manufactured housing lender, mortgage lender, warehouse lender, construction lender, servicing-secured lender or servicing- receivable lender as currently conducted or conduct any business other than in substantially the same fields of enterprise as currently conducted.

Appears in 4 contracts

Samples: Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc)

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