CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or have a material change in its ownership of greater than 25%. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership or management (other than the sale of Borrower's equity securities in a public offering or to venture capital investors approved by Bank) of greater than 25%. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto, or have a material change in its ownership (other than by the sale of Borrower's equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investment), or management. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Five Thousand Dollars ($5,000.00) in Borrower's assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership or management of greater than 25% (other than by the sale of Borrower's equity securities in a public offering or to venture capital investors so long as Borrower identifies the venture capital investors prior to the closing of the investment). Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations in which Borrower maintains or stores over $5,000 in Borrower's assets or property.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto, or have a material change in its ownership (other than by the sale of Borrower's equity securities in a public offering), or management such that any two (2) of the four (4) individuals: Xxxxxxx Xxxxx, Xxxxxx XxXxxxxx, Xxxxxx X. Nine, and Xxxx Xxxxxxxx are not longer actively involved in the management of the company and replacements, reasonably satisfactory to the Bank are not made within sixty (60) days thereof. Borrower shall not: (i) relocate its chief executive office, or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization, unless Borrower provides Bank with written notice with fifteen (15) days thereafter.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or if either the Chief Financial Officer or the Chief Executive Officer leaves office and a replacement acceptable to the Bank is not made within thirty (30) days. Borrower shall not, without at least thirty (30) days prior written notice to Bank, relocate its principal executive office or add any new offices or business locations.
CHANGES IN BUSINESS, OWNERSHIP. Management or Business Locations. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto, or have a material change in its ownership (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investment). Borrower shall not, without at least fifteen (15) days prior written notice, change any of its senior management. Any such change in senior management shall be with a Person or Persons reasonably acceptable to Bank, in its sole discretion. In addition, Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Five Thousand Dollars ($5,000.00) in Borrower’s assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.
CHANGES IN BUSINESS, OWNERSHIP. Management or Business Locations.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or have a material change in its ownership (other than by the sale of Borrower's equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank in writing the venture capital or other institutional investors prior to the closing of the investment). Borrower shall provide immediate written notice to the Bank of any change in a Responsible Officer of the Borrower from that person occupying such position as of the date of this Agreement. Borrower shall not, without at least thirty (30) days prior written notice to Bark: (i) relocate its chief executive office, or add any new offices or business locations (with assets of greater than Fifty Thousand Dollars ($50,000) individually and Two Hundred Thousand Dollars ($200,000) in the aggregate), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower and its Subsidiaries taken as a whole and business related or ancillary thereto; or permit there to occur a change in ownership of an aggregate of more than 25% of any equity interests of Borrower having voting rights for the election of directors in any transaction or series of transactions (other than in connection with any offering of equity securities by Borrower); or change its chief executive office or move any Collateral to jurisdictions other than jurisdictions in which Collateral presently exists without giving Bank prior written notice thereof.
