Common use of No Mergers Clause in Contracts

No Mergers. (a) The Transferor shall not consolidate with or merge into any Person or transfer all or any material portion of its assets to any Person or liquidate or dissolve; and (b) NAFCO shall not consolidate with or merge into any Person unless it complies with the procedures set forth in Section 6.02 of the Pooling and Servicing Agreement with respect to the merger or consolidation of the Master Servicer or transfer all or any material portion of its assets to any Person or liquidate or dissolve.

No Mergers. (a) The Transferor shall not consolidate with or merge into any Person or transfer all or any material portion of its assets to any Person or liquidate or dissolve; and (b) NAFCO NAFI shall not (i) consolidate with or merge into any Person unless it complies with the procedures set forth in Section 6.02 9.3 of the Pooling Sale and Servicing Agreement with respect to the merger or consolidation of the Master Servicer or Servicer, (ii) transfer all or any material portion of its assets to any Person or (iii) liquidate or dissolve.

No Mergers. (a) The Transferor shall not consolidate with or merge into any Person or transfer all or any material portion of its assets to any Person or liquidate or dissolve; and (b) NAFCO NAFI shall not consolidate with or merge into any Person unless it complies with the procedures set forth in Section 6.02 9.3 of the Pooling Sale and Servicing Agreement with respect to the merger or consolidation of the Master Servicer or transfer all or any material portion of its assets to any Person or liquidate or dissolve.

No Mergers. (a) The Transferor shall not consolidate with or merge into any Person or transfer all or any material portion of its assets to any Person or liquidate or dissolve; and (b) NAFCO shall not consolidate with or merge into any Person unless it complies with the procedures set forth in Section 6.02 of the Pooling and Servicing Agreement with respect to the merger or consolidation of the Master Servicer or transfer all or any material portion of its assets to any Person or liquidate or dissolve.