Common use of Change of Control; Negative pledge Clause in Contracts

Change of Control; Negative pledge. None of the Borrowers shall permit any act, event or circumstance that would result in a Change of Control of such Borrower, and neither of the Borrowers shall permit any pledge or assignment of its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.

Change of Control; Negative pledge. None of the Borrowers or the Guarantors shall permit any act, event or circumstance that would result in a Change of Control of such BorrowerControl, and neither of the Borrowers Guarantors shall not permit any pledge or assignment of its or a Borrower’s Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.

Change of Control; Negative pledge. None Neither of the Borrowers shall permit any act, event or circumstance that would result in a Change of Control of such Borrower, and neither of the Borrowers shall permit any pledge or assignment of its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.

Change of Control; Negative pledge. None of the Borrowers shall permit any act, event or circumstance that would result in a Change of Control of such Borrower, and neither of the Borrowers shall permit any pledge or assignment of its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.

Change of Control; Negative pledge. None of the Borrowers The Borrower shall not permit any act, event or circumstance that would result in a Change of Control of such the Borrower, and neither of the Borrowers Borrower shall not permit any pledge or assignment of its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.

Change of Control; Negative pledge. None of the Borrowers Borrower or the Guarantors shall permit any act, event or circumstance that would result in a Change of Control of such BorrowerControl, and neither of the Borrowers Borrower shall not permit any pledge or assignment of its a Guarantor’s Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities. For the avoidance of doubt, it is understood and agreed that the Quartet Merger shall not constitute a Change of Control.