Common use of Merger; Sale of Assets; Acquisitions; Change in Control Clause in Contracts

Merger; Sale of Assets; Acquisitions; Change in Control. Except for the sale, securitization, or purchase of loans in the ordinary course of the business, liquidate, dissolve, consolidate or merge or sell, transfer or otherwise dispose of, any substantial part of its assets, or acquire substantially all of the assets of another, or permit ownership beneficially or of record of the voting stock of Company Subsidiary which results in Company having an ownership interest of less than one hundred percent (100%) of the voting stock of Company Subsidiary.

Appears in 2 contracts

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

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Merger; Sale of Assets; Acquisitions; Change in Control. Except for the sale, securitization, sale or purchase of loans in the ordinary course of the business, liquidate, dissolve, consolidate or merge or sell, transfer or otherwise dispose of, any substantial part of its assets, or acquire substantially all of the assets of another, or permit ownership beneficially or of record of the voting stock of Company Subsidiary which results in the Company having an ownership interest of less than one hundred percent (100%) of the voting stock of the Company Subsidiary.

Appears in 2 contracts

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

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