Common use of Change of Ownership Clause in Contracts

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the Borrower.

Appears in 12 contracts

Samples: Loan Agreement, Loan Agreement (HF Foods Group Inc.), Loan Agreement (Software Acquisition Group Inc.)

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Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) % in the direct or indirect capital ownership of the Borrower.

Appears in 4 contracts

Samples: Loan Agreement (Technical Communications Corp), Loan Agreement (Insys Therapeutics, Inc.), Loan Agreement (Saker Aviation Services, Inc.)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five fifty percent (2550%) in the direct or indirect capital ownership of the Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Kewaunee Scientific Corp /De/), Business Loan Agreement (Excelligence Learning Corp), Loan and Security Agreement (Kewaunee Scientific Corp /De/)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the any Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Air T Inc), Loan Agreement (Ambassadors International Inc), Loan Agreement (California First National Bancorp)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five thirty percent (2530%) in the direct or indirect capital ownership of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Nu Skin Enterprises Inc), Loan Agreement (Nu Skin Enterprises Inc)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the BorrowerBorrower as such capital ownership exists as of the date hereof.

Appears in 1 contract

Samples: Loan Agreement (Immunomedics Inc)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership currently held by Xxxxxx X. Xxxxxx such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the BorrowerXxxxxx X. Xxxxxx.

Appears in 1 contract

Samples: Loan Agreement (Video Display Corp)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twentythirty-five percent (2535%) in the direct or indirect capital ownership of the Borrower, provided, however, that the percentage increases to forty-five percent (45%) post an Initial Public Offering.

Appears in 1 contract

Samples: Loan Agreement (Annas Linen Co)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (2525.0%) in the direct or indirect capital ownership of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Solitron Devices Inc)

Change of Ownership. Not to The Borrower shall not cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Premier Exhibitions, Inc.)

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Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital capita! ownership of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Vertex Energy Inc.)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the BorrowerBorrower is substantially different than exists on the date hereof.

Appears in 1 contract

Samples: Loan Agreement (Daktronics Inc /Sd/)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) % in the direct or indirect capital ownership of the BorrowerBorrower without the Bank's prior written consent, a final decision of which shall not be unreasonably delayed.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the Borrowerany Borrower that is a subsidiary of Parent.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Change of Ownership. Not to cause, permit, or suffer any change in capital ownership such that there is a change of more than twenty-five percent (25%) in the direct or indirect capital ownership of the Borrowerany Borrower that is a subsidiary of Radiant.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

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