Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.
Appears in 16 contracts
Samples: Loan and Security Agreement (X4 Pharmaceuticals, Inc), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Tricida, Inc.)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible or of any entity solely holding the equity interests of any Foreign Subsidiary) Subsidiary of Borrower the effect of which is to require a vote of greater than 50.1% of the Equity Interests equity interests or voting rights of such entity for any decision or action of such entity.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Plug Power Inc), Loan and Security Agreement (Plug Power Inc)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than fifty and one tenth of one percent (50.1% %) of the Equity Interests or voting rights of such entity for any decision or action of such entity.
Appears in 4 contracts
Samples: Loan and Security Agreement (Oak Street Health, Inc.), Loan and Security Agreement (Oak Street Health, Inc.), Loan and Security Agreement (Oak Street Health, Inc.)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.
Appears in 4 contracts
Samples: Loan and Security Agreement (RedBall Acquisition Corp.), Loan and Security Agreement (RedBall Acquisition Corp.), Loan and Security Agreement (ChemoCentryx, Inc.)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests equity interests or voting rights of such entity for any decision or action of such entity.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) Borrower, the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.
Appears in 2 contracts
Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than fifty and one-tenth of one percent (50.1% %) of the Equity Interests or voting rights of such entity for any decision or action of such entity.
Appears in 2 contracts
Samples: Loan and Security Agreement (Spring Bank Pharmaceuticals, Inc.), Loan and Security Agreement (Merrimack Pharmaceuticals Inc)
Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible or of any entity solely holding the equity interests and debt issued by any Foreign Subsidiary) Subsidiary of Borrower the effect of which is to require a vote of greater than 50.1% of the Equity Interests equity interests or voting rights of such entity Foreign Subsidiary for any decision or action of such entity.
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Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.a
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Foreign Subsidiary Voting Rights. Borrower The Loan Parties shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) a Loan Party the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.
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Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary or any Domestic Subsidiary that is not a Subsidiary of Borrower (other than an Eligible a Foreign Subsidiary) Subsidiary but that solely holds the equity interests of one or more Foreign Subsidiaries the effect of which is to require a vote of greater than 50.1% of the Equity Interests equity interests or voting rights of such entity for any decision or action of such entity.
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Foreign Subsidiary Voting Rights. Each Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any Foreign Subsidiary of such Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests or voting rights of such entity for any decision or action of such entity.
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Foreign Subsidiary Voting Rights. Borrower shall not, and shall not permit any Subsidiary, to amend or modify any governing document of any direct or indirect Foreign Subsidiary of Borrower (other than an Eligible Foreign Subsidiary) the effect of which is to require a vote of greater than 50.1% of the Equity Interests equity interests or voting rights of such entity for any decision or action of such entity.β
(G) Exhibit G hereto is attached to the Loan Agreement as Exhibit G to the Loan Agreement for all purposes thereunder.
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