Existence; Business Activities; Assets; Change of Control; Investments and Loans; Distributions. Borrower and any Guarantor each will not # make any material change in the nature or manner of its business activities; or # sell, lease except to the extent pursuant to a lease previously approved by Bank in writing, transfer or otherwise dispose of all or any material portion of its assets. In addition, any Borrower or Guarantor which is a corporation, limited liability company, partnership, limited partnership or other legal entity will # preserve its existence, rights and franchises; # not liquidate, dissolve, acquire another entity or merge or consolidate with or into another entity, divide or split itself into multiple legal entities or change its form of organization; and # not amend its organizational documents in a manner that may conflict with any term or condition of the Loan Documents. If any Borrower or Guarantor is a trust, neither the settlor(s) of any such trust nor any court having jurisdiction over such trust will revoke such trust, in whole or part, or modify the terms of such trust in a manner that may conflict with any term or condition of the Loan Documents. No event shall occur which causes or results in a transfer of more than 25% of the direct or indirect beneficial ownership of any Borrower which is a legal entity or any Guarantor which is a legal entity while any obligations are outstanding or while Bank has any obligation to provide funding to Borrower.

“Change in Control” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events:

any Change of Control;

any “change in control” or “sale” or “disposition” or similar event as defined in any Organizational Document of any Loan Party or in any Material Contract, or any document governing Material Indebtedness of any Loan Party;

Change of Control. “Change of Control” will mean the occurrence of any of the following events:

The occurrence of a Change of Control.

there occurs any Change of Control.

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 Borrower and such Subsidiary, as applicable, or ancillary, incidental or otherwise reasonably related thereto; # liquidate or dissolve; # fail to provide notice to Bank of any Key Person departing from or ceasing to be employed by Borrower within five (5) Business Days after such Key Person’s departure from Borrower (provided that to the extent such details are included in materials otherwise filed with the SEC, such notice shall be deemed to have been delivered on the date on which Borrower posts such materials, or provides a link thereto, on Borrower’s website on the internet at Borrower’s website address); or # permit or suffer any Change in Control.

a Change of Control shall occur;

Change of Control. There occurs any Change of Control.