Example ContractsClauseschanges in business, management, ownership, or business locationsVariants
Changes in Business, Management, Ownership, or Business Locations
Changes in Business, Management, Ownership, or Business Locations contract clause examples

Changes in Business, Management, Ownership or Business Locations. (a) Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower and such Subsidiary, as applicable, or reasonably related thereto; # liquidate or dissolve; or (c) (i) fail to provide notice to Bank of the departure of a Key Person within five (5) Business Days of such departure; or # enter into any transaction or series of related transactions in which the stockholders of Borrower who were not stockholders immediately prior to the first such transaction own more than forty percent (40%) of the voting stock of Borrower immediately after giving effect to such transaction or related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital or private equity investors so long as Borrower identifies to Bank the venture capital or private equity investors at least seven (7) Business Days prior to the closing of the transaction and provides to Bank a description of the material terms of the transaction).

Changes in Business, Management, Control, or Business Locations. (a) Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Co-Borrower and such Subsidiary, as applicable, or reasonably related thereto; # liquidate or dissolve; # fail to provide notice to Bank of any Key Persons departing from or ceasing to be employed by Co-Borrower within ten (10) Business Days after their departure from Co-Borrower; or # permit or suffer any Change in Control (provided, however, that the dissolution of any Co-Borrower otherwise in compliance with the terms of this Agreement shall not constitute a Change in Control).

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