Change in Control or Sale. Without the prior written consent of Bank, Borrower shall not permit a change in ownership of more than 25% of the stock or other equity interests of Halifax, Engineering, AlphaNational, Microserv or any other entity constituting a Borrower, or permit any such entity to enter into any merger or consolidation, or sell or lease substantially all of its assets.
Appears in 5 contracts
Samples: Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp)
