Common use of Change in Management Clause in Contracts

Change in Management. The Dealer shall inform Home Credit, in writing, about any reconstitution, change of control and/or management, legal status, name, address, bank account and/ or nature of the business of the Dealer within 15 (fifteen) days from effectivity of such change. Furthermore, the Dealer shall inform Home Credit of any pending or threatened action or proceeding filed against it, which could have material adverse effect on its business, within five (5) days from notice of such action or proceeding.

Change in Management. The Dealer Dealer/Provider shall inform Home Credit, in writing, about any reconstitution, change of control and/or management, legal status, name, address, bank account and/ or nature of the business of the Dealer Dealer/Provider within 15 (fifteen) days from effectivity of such change. Furthermore, the Dealer Dealer/Provider shall inform Home Credit of any pending or threatened action or proceeding filed against it, which could have material adverse effect on its business, within five (5) days from notice of such action or proceeding.

Change in Management. The Dealer Dealer/Provider shall inform Home Credit, in writing, about any reconstitution, change of control and/or management, legal status, name, address, bank account and/ or nature of the business of the Dealer Dealer/Provider within 15 (fifteen) days from effectivity of such change. Furthermore, the Dealer Dealer/Provider shall inform Home Credit of any pending or threatened action or proceeding filed against it, which could have material adverse effect on its businesseffectonitsbusiness, within five (5) days from notice of such action or proceeding.

Change in Management. The Dealer Dealer/Provider shall inform Home Credit, in writing, about any reconstitution, change of control and/or management, legal status, name, address, bank account and/ or nature of the business of the Dealer Dealer/Provider within 15 (fifteen) days from effectivity of such change. Furthermore, the Dealer Dealer/Provider shall inform Home Credit of any pending or threatened action or proceeding filed against it, which could have material adverse effect on its businessmaterialadverse effectonitsbusiness, within five (5) days from notice of such action or proceeding.