Change in Control of Borrower. (a) Any "person" or "group" (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act) shall become the "beneficial owner(s)" (as defined in said Rule 13d-3) of more than forty percent (40%) of the shares of the outstanding common stock of Borrower entitled to vote for members of Borrower's board of directors; or
(b) any event or condition shall occur or exist which, pursuant to the terms of any change in control provision, requires or permits the holder(s) of Indebtedness of any Consolidated Company to require that such Indebtedness be redeemed, repurchased, defeased, prepaid or repaid, in whole or in part, or the maturity of such Indebtedness to be accelerated in any respect;
Change in Control of Borrower. (i) Any "person" or "group" (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act) other than employees of the Borrower (either directly or through a retirement or employee benefit plan), shall become the "beneficial owner(s)" (as defined in said Rule 13d-3) of more than twenty-five percent (25%) of the shares of the outstanding common stock of Borrower entitled to vote for members of Borrower's board of directors, or (ii) any event or condition shall occur or exist which, pursuant to the terms of any Change in Control Provision, requires or permits the holder(s) of Indebtedness of any Consolidated Company to require that such Indebtedness be redeemed, repurchased, defeased, prepaid or repaid, in whole or in part, or the maturity of such Indebtedness to be accelerated in any respect.
Change in Control of Borrower. A Change in Control shall occur; or
Change in Control of Borrower. (a) Any "person" or "group" (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act), except any current stockholder of Borrower who owns, as of the date of this Agreement, at least twenty percent (20%) of the issued and outstanding capital stock of the Borrower, shall become the "beneficial owner(s)" (as defined in said Rule 13d-3) of more than thirty percent (30%) of the shares of the outstanding common stock of Borrower entitled to vote for members of Borrower's board of directors; or
(b) any event or condition shall occur or exist which, pursuant to the terms of any change in control provision, requires or permits the holder(s) of Indebtedness of any Consolidated Company to require that such Indebtedness be redeemed, repurchased, defeased, prepaid or repaid, in whole or in part, or the maturity of such Indebtedness to be accelerated in any respect;
Change in Control of Borrower. (a) Any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act), other than the Persons set forth in Schedule 9.10 shall become the “beneficial owner(s)” (as defined in said Rule 13d-3 of the Exchange Act) of more than forty percent (40%) of the shares of the outstanding Capital Stock of Borrower entitled to vote for members of Borrower’s board of directors;
(b) during any period of twelve (12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (who qualify under any one of the following) (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body; or
(c) Any event or condition shall occur or exist which, pursuant to the terms of any change in control provision, requires or permits the holder(s) of Indebtedness of any Consolidated Company to require that such Indebtedness be redeemed, repurchased, defeased, prepaid or repaid, in whole or in part, or the maturity of such Indebtedness to be accelerated in any respect.
Change in Control of Borrower. Borrower permits a material change in its control in violation of this Agreement.
Change in Control of Borrower. With the exception of ----------------------------- Xxxxxxxx prior to the Effective Date, any person or group (within the meaning of Rule 13d-5 of the Securities and Exchange Commission as in effect on the date hereof) shall become the owner, beneficially or of record, of shares representing more than thirty percent (30%) of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Borrower; or
Change in Control of Borrower. Throughout the term of this Agreement and so long as any of the Obligations remain outstanding, Xxxxx X. Xxxxxx, Xxxxx X. Xxxxxx and Xxxxx X. Xxxxxx shall beneficially own not less than 20%, in the aggregate, of the outstanding common stock of Borrower. Throughout the term of this Agreement and so long as any of the Obligations remain outstanding, Borrower shall own not less than 94% of the outstanding common stock of GranTree Corporation and shall not own less than a 99% membership interest in Interim Quarters Ltd.
Change in Control of Borrower. In the event of a Change in Control of Borrower at any point prior to the Termination Date:
i. Lender’s obligation to make Advances to Borrower shall be discharged, effective immediately upon the effective date of the Change of Control; and
ii. Unless otherwise agreed to by the Parties in writing, all outstanding Obligations of Borrower must be paid back in full within twelve (12) months of the effective date of the Change of Control.
Change in Control of Borrower. Borrower shall merge, consolidate or exchange shares with any other Person where such merger, consolidation or exchange results in (i) any Person other than a Class A Shareholder as of the Closing Date or two or more Persons (unless all such Persons are Class A Shareholders as of the Closing Date) acting in concert acquiring beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of fifty percent (50%) or more of the outstanding shares of the Class A common stock of Borrower, excluding any sales, transfers or gifts to spouses or direct descendants of Class A Shareholders as of the date of this Agreement; (ii) a majority of the Board of Directors of Borrower consisting of individuals who were not either (A) directors of Borrower as of the corresponding date of the previous year, (B) selected or nominated to become directors by the Board of Directors of Borrower of which a majority consisted of individuals described in clause (A) above, or (C) selected or nominated to become directors by the Board of Directors of Borrower of which a majority consisted of individuals described in clause (A) above and individuals described in clause (B) above; or (iii) the dissolution of Borrower;
