Notifiable changes Clause Samples

Notifiable changes. The borrower shall notify the Bank without delay of any changes of a legal or economic nature which are likely to significantly influence its structure, its assets or net earnings situation or the purpose of the loan. This shall especially apply in the following cases: - Change of the purpose of the company, - Change of the legal form, significant amendments to the articles of association, dissolution or merger, change in the identity of the owner or shareholder, - Disposals of shareholders' interests, - Transfer, sale, leasing, letting or shutdown of the operation or significant parts of the operation, - Sale of significant participating interests, - Conclusion, modification or cancellation of domination agreements, profit transfer agreements or other affiliation agreements, - Change of the address.