Changes in Ownership and Control. Any of the following occur without the written consent of the Required Lenders: (A) the Parent (i) amends the Borrower’s partnership agreement in any material and adverse respect (which shall not include any customary amendments to reflect transactions permitted by this Agreement so long as such amendments are not otherwise adverse to the Administrative Agent or any of the Banks, (ii) admits a new general partner to the Borrower, (iii) own less than 70% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower, or (B) the failure of individuals who are members of the board of directors (or similar governing body) of the Parent on the Closing Date (together with any new or replacement directors whose initial nomination for election was approved by a majority of the directors who were either directors on the Closing Date or previously so approved) to constitute a majority of the board of directors (or similar governing body) of the Parent.
Changes in Ownership and Control. Any of the following occur without the written consent of the Administrative Agent: (a) the Parent (i) amends the Borrower's partnership agreement in any material respect, (ii) admits a new general partner to the Borrower, (iii) own less than 70% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower; (b) unless the Advisory Agreement has been terminated in accordance with the provisions of this Agreement, LaSalle Partners or any of its Associates sells or assigns either the legal or beneficial interest in the Parent or the Borrower except (1) to their respective Associates and (2) in connection with a Permitted Assignment; (c) unless the Advisory Agreement has been terminated in accordance with the provisions of this Agreement, LaSalle Partners and the Parent and their respective Associates legally and beneficially own less than 55% of the legal or beneficial interest in LaSalle Leasing; (d) LaSalle Partners or any of its Associates sells or assigns either the legal or beneficial interest in the Advisor except to their respective Associates; (e) the Parent shall cease to employ Jxx X. Xxxxx as the president and chief executive officer of the Parent and, within 180 days following the termination of such employment of Mx. Xxxxx for any reason, another person acceptable to the Required Lenders in their sole discretion is not employed as the president and chief executive officer of the Parent; (f) unless the Advisory Agreement has been terminated in accordance with the provisions of this Agreement, the Advisor shall cease to employ Jxx X. Xxxxx as the chairman of the board and chief executive officer of the Advisor and, within 180 days following the termination of such employment of Mx. Xxxxx for any reason, another person acceptable to the Required Lenders in their sole discretion is not employed as the chairman of the board and chief executive officer of the Advisor; or (g) the Advisory Agreement shall be modified, amended or terminated except as permitted by the provisions of Section 6.13.
Changes in Ownership and Control. Any of the following occur without the written consent of the Required Lenders: (A) the Parent (i) amends the Borrower’s partnership agreement in any material respect, (ii) admits a new general partner to the Borrower, (iii) own less than 70% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower, or (B) the failure of individuals who are members of the board of directors (or similar governing body) of the Parent on the Closing Date (together with any new or replacement directors whose initial nomination for election was approved by a majority of the directors who were either directors on the Closing Date or previously so approved) to constitute a majority of the board of directors (or similar governing body) of the Parent.
Changes in Ownership and Control. Any of the following occur without -------------------------------- the written consent of the Agents: (a) the Parent owns less than 100% of the stock and beneficial ownership interest in the General Partner and AGH LP; (b) the General Partner and AGH LP (i) amend the Borrower's partnership agreement in any material respect, (ii) admit a new general partner to the Borrower, or (iii) own less than 51% of the partnership interests in and beneficial ownership of the Borrower; (c) the General Partner resigns as general partner of the Borrower; (d) Xxxxxx X. Xxxxx, Xxxxx X. Xxxxx and their respective Associates legally and beneficially own less than 20% of the outstanding shares of the Manager common stock; (e) Xxxxxx X. Xxxxx, Xxxxx X. Xxxxx or any of their respective Associates sells or assigns either the legal or beneficial interest in any outstanding shares of the Manager common stock except to Xxxxxx X. Xxxxx, Xxxxx X. Xxxxx or any of their respective Associates; (f) Xxxxxx X. Xxxxx, Xxxxx X.
Changes in Ownership and Control. Any of the following occur without the written consent of the Required Lenders : (a) the Parent (i) amends the Borrower's partnership agreement in any material respect, (ii) admits a new general partner to the Borrower, (iii) own less than 70% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower; (b) the Advisory Agreement or any Approved Substitute Advisory Agreement shall be modified, amended or terminated except as permitted by the provisions of Section 6.13; or (c) if (i) neither the Advisory Agreement nor any Approved Substitute Advisory Agreement remains in effect for 10 or more days, (ii) the Parent or the Borrower shall cease to employ Jxx X. Xxxxx or other persons as contemplated by Section 6.13, and, (iii) within 180 days following the termination of such employment of Mx. Xxxxx or other such persons for any reason, another person reasonably acceptable to the Required Lenders is not employed as the applicable officer of the Parent or the Borrower.
Changes in Ownership and Control. Any of the following occur without the written consent of the Required Lenders: (A) the Parent (i) amends the Borrower’s partnership agreement in any material respect, (ii) admits a new general partner to the Borrower, (iii) resigns as general partner of the Borrower, or (B) any Person or group of Affiliates acquires a Control Percentage in the common stock of the Parent;
Changes in Ownership and Control. Any of the following occur -------------------------------- without the written consent of the Required Lenders : (a) the Parent (i) amends the Borrower's partnership agreement in any material respect, (ii) admits a new general partner to the Borrower, (iii) own less than 70% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower; or (b) (i) the Parent or the Borrower shall cease to employ Jon E. Bortz or another person reasonably acceptable to the Xxxxxxxx Xxxders as such Person's chairman of the board, president or chief executive officer, and (ii) within 180 days following the termination of such employment of Mr. Bortz or other such persons for any reason, another persxx xxxxxxably acceptable to the Required Lenders is not employed as the applicable officer of the Parent or the Borrower.
Changes in Ownership and Control. Any of the following occur without -------------------------------- the written consent of the Agents: (a) the Parent owns less than 100% of the stock and beneficial ownership
Changes in Ownership and Control. Any of the following occur without the written consent of the Required Lenders: (A) the Parent (i) amends the Borrower’s partnership agreement in any material and adverse respect (which shall not include any customary amendments to reflect transactions permitted by this Agreement so long as such amendments are not otherwise adverse to the Administrative Agent or any of the Lenders), (ii) admits a new general partner to the Borrower, (iii) owns less than 50.1% of the partnership interests in and beneficial ownership of the Borrower, or (iv) resigns as general partner of the Borrower, or (B) the failure of individuals who are members of the board of directors (or similar governing body) of the Parent on the Closing Date (together with any new or replacement directors whose initial nomination for election was approved by a majority of the directors who were either directors on the Closing Date or previously so approved) to constitute a majority of the board of directors (or similar governing body) of the Parent or (B) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) of equity interests representing more than 40% of the aggregate ordinary voting power represented by the issued and outstanding equity interests of the Parent.
Changes in Ownership and Control. (a) No Change in Ownership of Project Co, or of any person with any form of direct, indirect, beneficial or other ownership interest in Project Co, shall be permitted:
