CHANGE IN OWNERSHIP/CONTROL. So long as this Lease remains in effect, the aggregate ownership of the current members of Lessee and the Guarantors shall not be reduced below fifty-one (51%) percent.
CHANGE IN OWNERSHIP/CONTROL. The Agent shall not assign or sell any of its rights, obligations or duties under this Agreement without the prior written approval of the Owner and the Authority. Within the meaning of this Section, an assignment or sale shall include one or more sales or transfers by operation of law or otherwise by which a controlling interest in the Agent shall be vested in a party or parties who are not shareholders, members or partners of the Agent as of the date of this Agreement.
CHANGE IN OWNERSHIP/CONTROL. So long as this Lease remains in effect, the aggregate ownership of the current members of Lessee shall not be reduced below fifty-one percent (51%), except if such ownership is reduced through a sale of equity to either BH1 or its affiliates or Centre Partners or its affiliates; provided, however, that if Lessee receives a bona fide offer to purchase equity in Lessee and Lessee desires to engage in a transaction which would cause Lessee to fail the provisions of this Section 41.10, then Lessee shall provide Lessor with notice as to all of the material terms of such bona fide offer and shall seek Lessor's consent to such transaction and, in the event Lessor fails to give such consent, Lessee shall have the option, by giving written notice to Lessor within thirty (30) days following such failure to give consent, to purchase the Leased Property for a purchase price equal to the greater of (i) a purchase price calculated in the same manner as provided in Section 34.1 of this Lease or (ii) an amount equal to the sum of (A) the Total Development Costs (including any Capital Additions funded by the Lessor, but excluding any Capital Additions funded by the Lessee) and (B) an amount sufficient to yield to Lessor an internal rate of return that is equal to thirteen percent (13%) per year, taking into account all payments of Rent (other than Additional Charges) received by Lessor to the closing date of such purchase. Unless expressly otherwise provided in this Section 35.1, in the event the Lessee exercises such option to purchase the Leased Property, (i) the terms set forth in Article XVIII shall apply, (ii) Lessee shall continue paying Rent as required under this Lease until the purchase is closed, and (iii) the sale/purchase must be closed within ninety (90) days after the date of the written notice from Lessee to Lessor of Lessee's intent to purchase, unless a different closing date is agreed upon in writing by Lessor and Lessee.
CHANGE IN OWNERSHIP/CONTROL. Intentionally omitted.
CHANGE IN OWNERSHIP/CONTROL. So long as this Lease remains in effect, Lessee shall not permit more than fifty percent (50%) of its ownership to be held by persons other than individuals who are licensed physicians or entities comprised of individuals who are licensed physicians actively practicing full time clinical medicine in Victorville, California, some of whom have active staff privileges at the Facility, and the aggregate ownership of the current shareholders shall not be reduced below the aggregate ownership of the current shareholders as of the date hereof.
CHANGE IN OWNERSHIP/CONTROL. Should there be a change in the majority ownership of Consultant, Consultant shall notify Client of such change, and Client shall have the right to declare this Agreement terminated. Consultant shall have no claim upon Client other than for Services already completed and accepted by Client, less any offset against such claims. If Consultant is a corporation, a change in the ownership of forty percent (40%) or more of its capital stock shall be deemed a change of majority ownership requiring notification under this provision.
CHANGE IN OWNERSHIP/CONTROL. If at any time during the Term, there shall be a change in the ownership of the limited partnership interests in Tenant as it exists on the date of this Lease such that twenty percent (20%) or more of the limited partnership interest shall be transferred by the owners thereof, then in such event, Landlord shall have the following rights: (i) the right to demand and require Tenant to purchase the Leased Property (the "Put Option"); (ii) the right to terminate this Lease; and (iii) the right to exercise any and all remedies set forth in this Lease or allowed at law or in equity. Landlord may exercise its rights under this Section
CHANGE IN OWNERSHIP/CONTROL. Issue any additional securities not outstanding on the Effective Date or make or enter into or permit any transaction, including any redemption or classification of stock or any other reorganization of Borrower, that could effectively transfer the power to (i) elect or remove members of Borrower's board of directors, or (ii) otherwise control or direct the policies and procedures of Borrower.
CHANGE IN OWNERSHIP/CONTROL. So long as this Lease remains in effect, the aggregate ownership of the current members of Lessee shall not be reduced without the prior written consent of Lessor. In addition, so long as this Lease remains in effect, Xxxx X. Xxxxxxxxx'x ownership of Vibra Healthcare, LLC shall not be reduced below the percentage he owns currently without the prior written consent of Lessor.
CHANGE IN OWNERSHIP/CONTROL. Lessee hereby represents, warrants and covenants to Lessor that there shall occur no Change of Control Transaction with respect to Lessee without the prior written consent of Lessor, which consent may be granted or withheld in Lessor’s sole discretion; provided, however, that Lessor shall not unreasonably withhold, condition or delay its consent to a Change of Control Transaction that results solely from the conversion of Lessee to a nonprofit form of ownership, so long as Xx. Xxxxxxxx Xxxxxxx is then the CEO of CarePoint Health Systems, Inc. and/or on the Board of Governors of CarePoint Health Systems, Inc.
