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 28 contracts

Samples: Credit Agreement (Ixys Corp /De/), Credit Agreement (Primoris Services Corp), Credit Agreement (Alphatec Holdings, 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 involuntaryinvoluntary to), or an agreement shall be entered into to do soso with, any Person or group of Persons (as such terms are defined pursuant to Federal securities laws) with respect to more than 1019% of the issued and outstanding capital stock of the Borrower and, as a result thereof, such Person or group of Persons has the ability to direct or cause the direction of the management and policies of the Borrower.

Appears in 3 contracts

Samples: Letter of Credit Sub Facility) (Golden State Vintners Inc), Credit Agreement (Golden State Vintners Inc), Credit 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 1015% of the issued and outstanding capital stock of the Borrower.. SECTION

Appears in 2 contracts

Samples: Credit Agreement (Micrel Inc), Credit Agreement (Micrel Inc)

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntaryinvoluntary to), or an agreement shall be entered into to do soso with, any Person or group of Persons (as such terms are defined pursuant to Federal securities laws) with respect to more than 1019% of the issued and outstanding capital stock of the Borrower and, as a result thereof, such Person or group of Persons has the ability to direct or cause the direction of the management and policies of the Borrower.. 7.11

Appears in 2 contracts

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

Change in Ownership. There shall occur a sale, transfer, disposition or encumbrance (whether voluntary or involuntaryinvoluntary to), or an agreement shall be entered into to do soso with, any Person or group of Persons (as such terms are defined pursuant to Federal securities laws) with respect to more than 10% of the issued and outstanding capital stock of the Borrower and, as a result thereof, such Person or group of Persons has the ability to direct or cause the direction of the management and policies of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Biolase Technology Inc), Credit Agreement (Biolase Technology 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 BorrowerBorrower or Borrower shall issue additional authorized capital stock for sale, transfer disposition or encumbrance.

Appears in 2 contracts

Samples: Credit Agreement (Guidance Software, Inc.), Credit Agreement (Guidance Software, 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 Borrower.. SECTION VII

Appears in 2 contracts

Samples: Commercial Credit Agreement (Applied Signal Technology Inc), Line of Credit Agreement (Applied Signal Technology 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)

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: 1998 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.. SECTION

Appears in 1 contract

Samples: Credit Agreement (Diamond Foods Inc)

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