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.
Appears in 4 contracts
Samples: Loan Modification Agreement (Skillsoft Public Limited Co), Loan Modification Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co)
