Common use of Changes in Business, Ownership, Management or Business Locations Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Threshold Pharmaceuticals Inc), Loan and Security Agreement (Lexar Media Inc), Loan and Security Agreement (Lexar Media Inc)

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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 the Company or have a material change in its ownership or management (other than the sale of Borrowerthe Company’s equity securities in a public offering or to venture capital investors approved by Bankprivate offering) of greater than 2551%. Borrower The Company will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Egain Communications Corp), Note and Warrant Purchase Agreement (Egain Communications Corp), Note and Warrant Purchase Agreement (Egain Communications Corp)

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Orthopaedic Biosystems LTD Inc/), Loan and Security Agreement (Invision Technologies Inc)

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 any Borrower or reasonably related thereto or have a material change in its ownership or management (other than the sale of any Borrower’s equity securities in a public offering or to venture capital investors approved by Bank) of greater than 25%or management. Borrower Borrowers will not, without at least 30 thirty (30) days prior written noticenotice to Bank, relocate its chief principal executive office or add any new offices outside of its current location or add any new business locations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

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 thereto, or have a material change in its ownership or management (other than the sale of Borrower’s Borrower s equity securities in a public offering or to venture capital investors approved by Bank) of greater than 25%, or its management. Borrower will not, without at least 30 days prior written noticenotice to Bank, relocate its chief principal executive office or add any new offices or business locations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hearme), Loan and Security Agreement (Hearme)

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 as permitted in Section 7.3 or with respect to the sale of Borrower’s equity securities in on a public offering or to venture capital investors approved by Bankmarket) of greater than 25%. Borrower will not, without at least 30 10 days prior written notice, relocate its chief executive office or add any new offices or business locationsoffice.

Appears in 2 contracts

Samples: Loan and Security Agreement (Saba Software Inc), Loan and Security Agreement (Saba Software Inc)

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 have a change in its ownership of greater than 50% 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%management. Borrower will not, without at least 30 days prior written noticenotice to Bank, relocate its chief principal executive office or office, add any new offices or business locationslocations or change the place of its incorporation.

Appears in 1 contract

Samples: Loan and Security Agreement (Click2learn Com Inc)

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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%management. Borrower will not, without at least 30 days prior written noticenotice to Bank, relocate its chief principal executive office or add any new offices or business locations.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharsight Corp)

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 locationsoffice.

Appears in 1 contract

Samples: Loan and Security Agreement (Omnicell Inc /Ca/)

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 '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.

Appears in 1 contract

Samples: Security Agreement (Corillian Corp)

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 approved by Bank) so long as Borrower identifies the venture capital investors prior to the closing of greater than 25%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 locationsoffice.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Storage Technology Inc)

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