Change to Organization Documents Clause Samples
The "Change to Organization Documents" clause establishes the rules and procedures for amending or modifying the foundational documents of an organization, such as its bylaws, articles of incorporation, or operating agreements. Typically, this clause outlines who has the authority to propose changes, the process for approval—such as requiring a majority or supermajority vote of members or directors—and any notice requirements that must be met before changes take effect. Its core practical function is to ensure that any alterations to the organization's governing documents are made transparently and with appropriate consent, thereby maintaining organizational stability and preventing unauthorized or unilateral changes.
Change to Organization Documents. None of the Borrowers shall amend or otherwise alter its Organization Documents in a manner adverse to the Secured Parties, or change its name, state of organization or type of organization without giving the Administrative Agent written notice at least 30 days prior thereto (or such later date as agreed by the Administrative Agent); and if a Borrower does not have an organizational identification number and later obtains one, it will provide prompt notice to the Administrative Agent.
Change to Organization Documents. None of the Loan Parties shall amend or otherwise alter its Organization Documents in a manner materially adverse to the Secured Parties. None of the Domestic Loan Parties shall change its name, jurisdiction of organization or type of organization without giving the Administrative Agent written notice at least 30 days prior thereto (or such later date as agreed by the Administrative Agent).
Change to Organization Documents. None of the Loan Parties shall amend or otherwise alter its Organization Documents in a manner materially adverse to the Secured Parties. None of the Domestic Loan Parties shall change its name, jurisdiction of organization or type of organization 116 158477613_2174043865_5