Common use of Change in Business, Management or Ownership Clause in Contracts

Change in Business, Management or Ownership. Make or permit, nor shall any Guarantor or grantor under the Security Documents make or permit, any change in (i) its form of organization, including a division into two or more entities; (ii) the nature of its business as carried on as of the date hereof; (iii) the composition of its current executive management; or (iv) its equity ownership.

Change in Business, Management or Ownership. Make or permit, nor shall any and cause each Guarantor or grantor under the Security Documents not to make or permit, any change in (i) its form of organization, including a division into two or more entities; (ii) the nature of its business as carried on as of the date hereof; (iii) , in the composition of its current executive management; , or (iv) in its equity ownership.