Common use of Material Change in Business Clause in Contracts

Material Change in Business. Seller shall not liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution) or sell all or substantially all of its assets or make any material change in the nature of its business as carried on at the Effective Date. Seller shall not enter into any transaction of merger or consolidation or amalgamation without giving Buyer notice of such transaction within two (2) Business Days of entering into such agreement.

Appears in 2 contracts

Samples: Master Repurchase Agreement (AmeriHome, Inc.), Master Repurchase Agreement (Stonegate Mortgage Corp)

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Material Change in Business. Seller shall not liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution) or sell all or substantially all of its assets or make any material change in the nature of its business as carried on at the Effective DateDate other than the businesses generally carried on by (i) Seller as of the Effective Date or (ii) other similar consumer lending businesses. Seller shall not enter into any transaction of merger or consolidation or amalgamation without giving Buyer notice of such transaction within two five (25) Business Days of entering into such agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Material Change in Business. Seller shall not liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution) or sell all or substantially all of its assets or make any material change in the nature of its business as carried on at the Effective Restatement Date. Seller shall not enter into any transaction of merger or consolidation or amalgamation without giving Buyer notice of such transaction within two (2) Business Days of entering into such agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Material Change in Business. Seller shall not liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution) or sell all or substantially all of its assets or make any material change in the nature of its business as carried on at the Effective Date. Seller shall not enter into any transaction of merger or consolidation or amalgamation without giving Buyer notice of such transaction within two (2) Business Days [***] of entering into such agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

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Material Change in Business. Seller shall not liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or dissolution) or sell all or substantially all of its assets or make any material change in the nature of its business as carried on at the Effective Date. Seller shall not enter into any transaction of merger or consolidation or amalgamation without giving Buyer Administrative Agent notice of such transaction within two (2) Business Days of entering into such agreement.

Appears in 1 contract

Samples: Master Repurchase Agreement (Korth Direct Mortgage Inc.)

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