Common use of Change in Business; Change in Control or Executive Office Clause in Contracts

Change in Business; Change in Control or Executive Office. Engage in any business, or permit any of its Subsidiaries to engage in any business, other than the businesses currently engaged in by Borrower and any business substantially similar or related thereto (or incidental thereto); experience a change in a Responsible Officer (other than by reason of the death or disability of such Responsible Officer), cease to conduct business substantially in the manner conducted by Borrower as of the Closing Date; suffer or permit a Change in Control; without thirty (30) days prior written notification to Lender, relocate its chief executive office or state of incorporation; change its legal name; or without Lender’s prior written consent, change the date on which its fiscal year ends.

Appears in 2 contracts

Samples: Convertible Loan and Security Agreement (Vuzix Corp), Convertible Loan and Security Agreement (Vuzix Corp)

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Change in Business; Change in Control or Executive Office. Engage in any business, or permit any of its Subsidiaries to engage in any business, other than the businesses currently engaged in by Borrower and any business substantially similar or related thereto (or incidental thereto); experience a change in a Responsible Officer (other than by reason of the death or disability of such Responsible Officer), cease to conduct any material portion of business substantially in the manner conducted by Borrower as of the Closing Date; or suffer or permit a Change in Control; experience a change in Borrower’s chief executive officer or chief financial officer without prompt written notice to Bank; or without thirty (30) days prior written notification to LenderBank, relocate its chief executive office or state of incorporation; incorporation or change its legal name; or without LenderBank’s prior written consent, change the date on which its fiscal year ends.

Appears in 1 contract

Samples: Loan and Security Agreement (Bacterin International Holdings, Inc.)

Change in Business; Change in Control or Executive Office. Engage in any business, or permit any of its Subsidiaries to engage in any business, other than the businesses currently engaged in by Borrower and any business substantially similar or related thereto (or incidental thereto); experience a change or conduct business in a Responsible Officer (other manner materially different than by reason of the death or disability of such Responsible Officer), cease to conduct business substantially in the manner conducted by Borrower as of the Closing DateDate which manner could reasonably be expected to have an adverse effect on Borrower; or suffer or permit a Change in Control; or without thirty (30) days prior written notification to LenderBank within thirty (30) days, relocate its chief executive office or state of incorporation; change its legal name; or without Lender’s prior written consentnotice to Bank, change the date on which its fiscal year ends.

Appears in 1 contract

Samples: Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Change in Business; Change in Control or Executive Office. Engage in any business, or permit any of its Subsidiaries to engage in any business, other than the businesses currently engaged in by Borrower and any business substantially similar or related thereto (or incidental thereto); experience a change in a Responsible Officer (other than by reason of the death or disability of such Responsible Officer), cease to conduct business substantially in the manner conducted by Borrower as of the Closing Date; suffer or permit a Change in Control; without thirty (30) days prior written notification to Lender, relocate its chief executive office or state of incorporation; change its legal name; or without Lender’s 's prior written consent, change the date on which its fiscal year ends.

Appears in 1 contract

Samples: Convertible Loan and Security Agreement (Lc Capital Master Fund LTD)

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Change in Business; Change in Control or Executive Office. Engage in any business, or permit any of its Subsidiaries to engage in any business, other than the businesses currently engaged in by Borrower and any business substantially similar or related thereto (or incidental thereto); experience a change in a Responsible Officer (other than by reason of the death or disability of such Responsible Officer), cease to conduct business substantially in the manner conducted by Borrower as of the Closing Date; or suffer or permit a Change in ControlControl or a change in management, including but not limited to any Borrowers’ respective chief executive officers and chief financial officers; or without thirty (30) days prior written notification to LenderBank, change its name; or relocate its chief executive office or state of incorporation; change its legal name; or without LenderBank’s prior written consent, change the date on which its fiscal year ends.

Appears in 1 contract

Samples: Loan and Security Agreement (Media Arts Group Inc)

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