Common use of Change in Ownership Clause in Contracts

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the Borrower.

Appears in 30 contracts

Samples: Credit Agreement (Ixys Corp /De/), Credit Agreement (Primoris Services Corp), Credit Agreement (Scientific Technologies Inc)

AutoNDA by SimpleDocs

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the BorrowerDebtor.

Appears in 5 contracts

Samples: Security Agreement (Biolase Technology Inc), Security Agreement (Alphatec Holdings, Inc.), Security Agreement (Alphatec Holdings, Inc.)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the BorrowerGrantor or any obligor on the Indebtedness, if a corporation, or there shall occur a change in any general partner or a change affecting the control of the Grantor or any obligor on the Indebtedness, if a partnership.

Appears in 5 contracts

Samples: Term Loan Agreement (Atg Inc), Line of Credit Agreement (Neotherapeutics Inc), Line of Credit Agreement (Atg Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 1020% of the issued and outstanding capital stock of the Borrower, other than warrants held by Xxxx Xxxxxxx Mutual Life Insurance Company and/or certain of its respective affiliates.

Appears in 2 contracts

Samples: Term Loan Agreement (Golden State Vintners Inc), Term Loan Agreement (Golden State Vintners Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the Borrower, if a corporation, or there shall occur a change in any general partner of a change affecting the control of the Borrower, if a partnership.

Appears in 2 contracts

Samples: Term Loan Agreement (Scheid Vineyards Inc), Term Loan Agreement (Scheid Vineyards Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the Borrower.. SECTION

Appears in 1 contract

Samples: Credit Agreement (Diamond Foods Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 1020% of the issued and outstanding capital stock of the Borrower.

Appears in 1 contract

Samples: Line of Credit Agreement (Maxwell Technologies Inc)

AutoNDA by SimpleDocs

Change in Ownership. There If there shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Align Rite International Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of the Borrower, if a corporation, or there shall occur a change in any general partner or a change affecting the control of the Borrower, if a partnership.

Appears in 1 contract

Samples: Term Loan Agreement (Scheid Vineyards Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 1025% of the issued and outstanding capital stock of any Borrower owned by Xxxxxx Xxxxxx without the Borrowerprior written consent of the Bank.

Appears in 1 contract

Samples: Credit Agreement (Osi Systems Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntary), or an agreement shall be entered into to do so, with respect to more than 10% of the issued and outstanding capital stock of any of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Tag It Pacific Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!