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.
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Samples: Loan and Security Agreement (Cardiac Science Inc), Loan and Security Agreement (Scientific Learning Corp), Amended And (Rosetta Inpharmatics 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 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.
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Samples: Loan and Security Agreement (Corillian Corp), Intellectual Property Security Agreement (Homestead Com Inc), Loan and Security Agreement (Insilicon Corp)
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. 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. (Prior to the date of this Agreement Borrower provided Bank with satisfactory notice of its intention to relocate its chief executive office or add any new offices or business locationsin 1999).
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Samples: Loan and Security Agreement (Onyx Software Corp/Wa)
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.
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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 senior management or change in its ownership 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). Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.
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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 have a material change in its ownership of greater than 2550%. Borrower will not, not without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.
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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 have a material change in its ownership of greater than 25%OF GREATER THAN 50% or 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.
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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 businesses equivalent to or substantially similar to the businesses business currently engaged in by Borrower or have a material change in its ownership of greater than 2535%. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations, except for the previously disclosed June relocation of its chief executive office.
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Samples: Loan and Security Agreement (Metro One Telecommunications Inc)
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONS. Engage in or permit any of its Subsidiaries to engage in any business other than businesses equivalent to or substantially similar to the businesses business currently engaged in by Borrower or have a material change in its ownership of greater than 2535%. 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: Loan and Security Agreement (Metro One Telecommunications 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 have a material change in its ownership (other than the sale of Borrower's equity securities in a public offering) of greater than 25%% or management. Borrower will not, without at least 30 days prior written noticenotice to Banks, relocate its chief principal executive office or add any new offices or business locations.
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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 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 office or business locations.
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Samples: Loan and Security Agreement (Gric Communications 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 or have a material change in its ownership of greater than 2550%, with the exception of an initial public offering. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any office. Borrower will also notify Bank whenever Borrower adds new offices or business locations.
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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 have a material change in its ownership of greater than 25%49% (provided the management of Borrower remains the same). Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.
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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, have a material change in its ownership of greater than 25%or cause a material change in its management. Borrower will not, without at least 30 ten (10) days prior written noticenotice to Lender, relocate its chief principal executive office or add any new offices outside of its current location or add any new business locations.
Appears in 1 contract
Samples: Loan and Security Agreement (Breakaway Solutions Inc)
CHANGES IN BUSINESS, OWNERSHIP. MANAGEMENT OR BUSINESS LOCATIONSManagement or Business Locations. Engage in any business, or permit any of its Subsidiaries to engage in any business business, other than the businesses currently engaged in by Borrower and any business substantially similar or have related thereto (or incidental thereto), or suffer a material change Change in its ownership of greater than 25%Control. Borrower will not, without at least 30 thirty (30) days prior written noticenotification to Servicing Agent, relocate its chief executive office or add any new offices or business locations.
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Samples: Loan and Security Agreement (Integrated Packaging Assembly 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 have a material change in its ownership of greater than 25%% (other than the sale by Borrower of equity securities of Borrower. 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: Loan and Security Agreement (Nuance Communications)
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 of greater than 2540%. 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: Loan and Security Agreement (Harmonic Lightwaves 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 have a material change in its ownership (other than the sale of greater than 25%Borrower's equity securities in a public offering or to venture capital investors). Borrower 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 or business locations.
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