Common use of Change of Ownership or Control Clause in Contracts

Change of Ownership or Control. The beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 20% or more in voting power of the outstanding voting stock of the Borrower or either Guarantor is acquired by any Person; provided that the acquisition of beneficial ownership of capital stock of the Borrower or either Guarantor by Xxxxxxx X. Xxxxxxxx or any member of his immediate family shall not constitute an Event of Default.

Appears in 4 contracts

Samples: Credit Agreement (Cemex Sa De Cv), Credit Agreement (Cemex Sa De Cv), Credit Agreement (Cemex Sa De Cv)

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Change of Ownership or Control. The beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 20% or more in voting power of the outstanding voting stock of the Borrower or either Guarantor is acquired by any PersonPerson after the Dutch Loan Closing Date; provided that the acquisition of beneficial ownership of capital stock Capital Stock of the Borrower or either Guarantor by Xxxxxxx X. Xxxxxxxx or any member of his immediate family shall not constitute an Event of Default.

Appears in 3 contracts

Samples: Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv), Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv), Senior Unsecured Dutch Loan Agreement (Cemex Sab De Cv)

Change of Ownership or Control. The beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 20% or more in voting power of the outstanding voting stock of the Borrower or either the Guarantor is acquired by any Person; provided that the acquisition of beneficial ownership of capital stock of the Borrower or either the Guarantor by Xxxxxxx X. Xxxxxxxx or any member of his immediate family shall not constitute an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Cemex Sab De Cv)

Change of Ownership or Control. The beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 20% or more in voting power of the outstanding voting stock of the Borrower Issuer or either Guarantor is acquired by any Person; provided that the acquisition of beneficial ownership of capital stock of the Borrower Issuer or either Guarantor by Xxxxxxx X. Xxxxxxxx Lorenzo H. Zambrano or any member of his immediate family shall not constitute an Event nox xxxxxxxxxx xx Xxxnt of Default.

Appears in 1 contract

Samples: Reimbursement and Credit Agreement (Cemex Sa De Cv)

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Change of Ownership or Control. The beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 20% or more in voting power of the outstanding voting stock of the Borrower Issuer or either Guarantor is acquired by any Person; provided that the acquisition of beneficial ownership of capital stock of the Borrower Issuer or either Guarantor by Xxxxxxx X. Xxxxxxxx Lorenzo H. Zambrano or any member of his immediate family shall not constitute shxxx xxx xxxxxxxxxx an Event of Default.

Appears in 1 contract

Samples: Reimbursement and Credit Agreement (Cemex Sa De Cv)

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