Common use of Management or Control Clause in Contracts

Management or Control. Without the prior written consent of Bank: (a) there shall not be any material change in direct or indirect management or control Seller; and (b) Seller shall not cease to maintain key management and executive personnel at a level of experience and ability equivalent to the present executive management and executive personnel as of the date hereof.

Appears in 3 contracts

Samples: Mortgage Warehouse Agreement, Mortgage Warehouse Agreement (Redfin CORP), Mortgage Warehouse Agreement (Redfin CORP)

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Management or Control. Without the prior written consent of notice to Bank: (a) there shall not be any material change in direct or indirect management or control of Seller; and (b) Seller Seller, and each entity which directly or indirectly manages or controls Seller, shall not cease to maintain key management and executive personnel at a level of experience and ability equivalent to the present executive management and executive personnel as of the date hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Home Point Capital Inc.), Mortgage Warehouse Agreement (Home Point Capital Inc.)

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