Common use of Structural Changes Clause in Contracts

Structural Changes. None of the Seller, any Master Series Trust or Guarantor shall (a) enter into a merger or consolidation (except that Guarantor may enter into a merger or consolidation if Guarantor is the surviving entity after such merger or consolidation), (b) sell all or substantially all of its assets or properties or (c) liquidate, wind up or dissolve, without the consent of Buyer. Such Seller shall ensure that all Equity Interests of such Seller shall continue to be owned by the owner or owners thereof as of the date hereof. Such Seller shall ensure that neither the Equity Interests of such Seller nor any property or assets of such Seller shall be pledged to any Person other than Buyer (other than a transfer of any unpledged property or assets to another Affiliate of Seller). Except as contemplated by this Agreement or the other Repurchase Documents, such Seller shall not enter into any transaction with an Affiliate of such Seller (other than a transfer of Mortgage Loans and/or REO Property in the ordinary course of business) unless (a) such Seller notifies Buyer of such transaction at least ten (10) days before entering into it, and (b) such transaction is on market and arm’s-length terms and conditions, as demonstrated in such Seller’s notice.

Structural Changes. None of the Seller, any Master Series Trust or Neither Seller nor Guarantor shall (a) enter into a merger or consolidation (except that Guarantor may enter into a merger or consolidation if Guarantor is the surviving entity after such merger or consolidation), (b) sell all or substantially all of its assets or properties or (c) liquidate, wind up or dissolve, without the consent of Buyer. Such Seller shall ensure that all Equity Interests of such Seller shall continue to be owned by the owner or owners thereof as of the date hereof. Such Seller shall ensure that neither the Equity Interests of such Seller nor any property or assets of such Seller shall be pledged to any Person other than Buyer (other than a transfer of any unpledged property or assets to another Affiliate of Seller)Buyer. Except as contemplated by this Agreement or the other Repurchase Documents, such Seller shall not enter into any transaction with an Affiliate of such Seller (other than a transfer of Mortgage Loans and/or REO Property Properties in the ordinary course of business) unless (a) such Seller notifies Buyer of such transaction at least ten (10) days before entering into it, and (b) such transaction is on market and arm’s-length terms and conditions, as demonstrated in such Seller’s notice.

Structural Changes. None of the Seller, any Master Series Trust or Neither Seller nor Guarantor shall (a) enter into a merger or consolidation (except that Guarantor may enter into a merger or consolidation if Guarantor is the surviving entity after such merger or consolidation), (b) sell all or substantially all of its assets or properties or (c) liquidate, wind up or dissolve, without the consent of Buyer. Such Seller shall ensure that all Equity Interests of such Seller shall continue to be owned by the owner or owners thereof as of the date hereof. Such Seller shall ensure that neither the Equity Interests of such Seller nor any property or assets of such Seller shall be pledged to any Person other than Buyer (other than a transfer of any unpledged property or assets to another Affiliate of Seller). Except as contemplated by this Agreement or the other Repurchase Documents, such Seller shall not enter into any transaction with an Affiliate of such Seller (other than a transfer of Mortgage Loans and/or REO Property in the ordinary course of business) unless (a) such Seller notifies Buyer of such transaction at least ten (10) days before entering into it, and (b) such transaction is on market and arm’s-length terms and conditions, as demonstrated in such Seller’s notice.

Structural Changes. None of the Seller, any Master Series Trust or Neither Seller nor Guarantor shall (a) enter into a merger or consolidation (except that Guarantor may enter into a merger or consolidation if Guarantor is the surviving entity after such merger or consolidation), (b) sell all or substantially all of its assets or properties or (c) liquidate, wind up or dissolve, without the consent of Buyer. Such Seller shall ensure that all Equity Interests of such Seller shall continue to be owned by the owner or owners thereof as of the date hereof. Such Seller shall ensure that neither the Equity Interests of such Seller nor any property or assets of such Seller shall be pledged to any Person other than Buyer (other than a transfer of any unpledged property or assets to another Affiliate of Seller). Except as contemplated by this Agreement or the other Repurchase Documents, such Seller shall not enter into any transaction with an Affiliate of such Seller (other than a transfer of Mortgage Loans and/or REO Property Properties in the ordinary course of business) unless (a) such Seller notifies Buyer of such transaction at least ten (10) days before entering into it, and (b) such transaction is on market and arm’s-length terms and conditions, as demonstrated in such Seller’s notice.