Common use of Change in Controlling Interest Clause in Contracts

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), the controlling interest in Borrower (both with respect to day to day activities of the Borrower and voting control of the Borrower) ceases to be owned by Corporate Guarantor or Corporate Guarantor ceases to own (directly or indirectly) a majority of the equity interests in Borrower.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), the controlling interest in Borrower (both with respect to day to day activities of the Borrower and voting control of the Borrower) ceases to be owned by Corporate Guarantor or Corporate Guarantor ceases to own (directly or indirectly) a majority of the equity interests in Borrowerindirectly by Guarantor.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the MortgageDeed of Trust), the controlling interest in Borrower (both with respect to day to day activities of the Borrower and voting control of the Borrower) ceases to be owned by Corporate Guarantor or Corporate Guarantor ceases to own (directly or indirectly) a majority of the equity interests in BorrowerGuarantor.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), the controlling interest in Borrower (both with respect to day to day activities of the Borrower and voting control of the Borrower) ceases to be owned by Corporate Guarantor or Corporate Guarantor ceases to own (directly or indirectly) Guarantor, except as a majority result of the equity interests in Borrowera transfer permitted under Section 8.7 hereof.