New Century Financial definition
Examples of New Century Financial in a sentence
Since the date of the most recent financial statements, there has been no change which has had a material adverse effect with respect to New Century Financial Corporation.
Except as disclosed in such financial statements, New Century Financial Corporation is not subject to any contingent liabilities or commitments that, individually or in the aggregate, have a reasonable likelihood of having a material adverse effect with respect to New Century Financial Corporation.
All taxes due and payable by New Century (or claimed to be due and payable) have been paid, except such amounts as (i) are not in the aggregate material or (ii) are being contested diligently and in good faith by appropriate proceedings and for which there are adequate reserves in New Century Financial Statements.
Except as set forth on Schedule 2.8 attached hereto, New Century has good and marketable title to all of the assets and properties now carried on its books including those reflected in the most recent balance sheet contained in the New Century Financial Statements, free and clear of all liens, claims, charges, security interests or other encumbrances, except as described in the New Century Financial Statements or arising thereafter in the ordinary course of business (none of which will be material).
On September 15, 2004, the stockholders of New Century Financial Corporation, a Delaware corporation (“Holdings”) approved a proposal to restructure Holdings to allow it to qualify as a real estate investment trust and to become a wholly-owned subsidiary of New Century REIT, Inc., a Maryland corporation, through the merger of NC Merger Sub, Inc., a wholly-owned subsidiary of New Century REIT, Inc., with and into Holdings, resulting in New Century REIT, Inc.
Pursuant to the New Century Guaranty, New Century Financial Corporation, a Delaware corporation (the “Guarantor”), has unconditionally and absolutely guaranteed to the Lender and its successors and assigns the full and prompt payment of all amounts due and owing by the Borrowers under the Loan Agreement, as and when they shall become due thereunder.
The recitals and statements made herein are deemed to be those of New Century Financial and New Century REIT and not of the Trustee.
New Century Financial Corporation (f/k/a New Century REIT), NCMC and Buyer desire to enter into this Guaranty in order to replace New Century TRS Holdings, Inc.
New Century Financial Corporation, as Guarantor, consents to this Temporary Increase and reaffirms its Guaranty.
New Century Financial Corporation (f/k/a New Century REIT) and Lender desire to enter into this Guaranty in order to replace NCFC as a Guarantor with New Century Financial Corporation (f/k/a New Century REIT), and to amend, restate and replace the Original Guaranty in its entirety.