Common use of Change in Status or Ownership Clause in Contracts

Change in Status or Ownership. The Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership of the outstanding stock of the Borrower without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc)

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Change in Status or Ownership. The Any Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership of the outstanding stock of the any Borrower without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)

Change in Status or Ownership. The Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership or control of the outstanding stock of the Borrower Borrower, without the prior written consent of the AgentLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Assisted Living Inc)

Change in Status or Ownership. The Borrower Any of the Borrowers is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership of the outstanding stock any of the Borrower Borrowers or any Subsidiary without the prior written consent of the AgentLender.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

Change in Status or Ownership. The Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership or control of the outstanding stock of the Borrower Borrower, without the prior written consent of the AgentLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Senior Living Inc)

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Change in Status or Ownership. The Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership or control of the outstanding stock of the Borrower Borrower, without the prior written consent of the Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Senior Living Inc)

Change in Status or Ownership. The Borrower Any of the Borrowers is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership of the outstanding stock any of the Borrower Borrowers or any Subsidiary without the prior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

Change in Status or Ownership. The Borrower is dissolved, merged, consolidated or reorganized, or any change occurs in the ownership of the outstanding stock of the Borrower without the prior written consent of the Agent.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

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