Common use of No change of ownership Clause in Contracts

No change of ownership. The Borrower shall procure that there shall be no change in the ownership (whether legal or beneficial) or management control of the Borrower from that advised to the Agent on or before the date of this Agreement without the prior written consent of the Agent such consent not to be unreasonably withheld, and that the Borrower remains wholly owned (legally and beneficially) by the Pledgor.

No change of ownership. The Each Borrower shall procure that that, without the prior written consent of the Agent:- (a) there shall be no change in the ownership (whether legal or beneficial) or management control of the either Borrower from that advised to the Agent on or before the date Signing Date; (b) there shall be no Change of this Agreement without the prior written consent Control of the Agent such consent not to be unreasonably withheldGuarantor; and (c) neither Borrower merges, and that the Borrower remains wholly owned (legally and beneficially) by the Pledgorsplits up or divests itself of material assets.