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

Change of Control; Negative pledge. (i) The Borrower will not permit any act, event or circumstance that would result in a Change of Control or would result in the Borrower owning directly or indirectly less than 100% of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower will not permit any pledge or assignment of any Guarantor’s Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities.

Change of Control; Negative pledge. (i) The Borrower and each of the Guarantors will not permit any act, event or circumstance that would result in a Change of Control or would result in the Borrower owning directly or indirectly less than 100% Control, and each of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower Guarantors will not permit any pledge or assignment of any Guarantor’s its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities.

Change of Control; Negative pledge. (i) The Borrower will not permit any act, event or circumstance that would result in a Change of Control or would result in the Borrower owning directly or indirectly less than 100% of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower will not permit any pledge or assignment of any Guarantor’s 's Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities.

Change of Control; Negative pledge. (i) The Borrower Each of the Borrowers and the Guarantor will not permit any act, event or circumstance that would result in a Change of Control or would result in the Borrower owning directly or indirectly less than 100% Control, and each of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower Borrowers will not permit any pledge or assignment of any Guarantor’s its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities.

Change of Control; Negative pledge. (i) The None of the Borrower will not or the Guarantors shall permit any act, event or circumstance that would result in a Change of Control or would result in Control, and the Borrower owning directly or indirectly less than 100% of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower will shall not permit any pledge or assignment of any a Guarantor’s Equity Interests except in favor of (A) the Security Trustee to secure the Secured LiabilitiesLiabilities and (B) the First Lien Security Trustee to secure the secured liabilities under the First Lien Loan Agreement and the related documents.

Change of Control; Negative pledge. (i) The Each of the Borrower and the Guarantor will not permit any act, event or circumstance that would result in a Change of Control or would result in Control, and the Borrower owning directly or indirectly less than 100% of the issued and outstanding Equity Interests in each Guarantor. (ii) The Borrower will not permit any pledge or assignment of any Guarantor’s its Equity Interests except in favor of the Security Trustee to secure the Secured Liabilities.