Common use of Ownership and Management Clause in Contracts

Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp)

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Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Carbiz Inc)

Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person person or entity other than the existing shareholders members and senior management that own and control such Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders shareholders, members and senior management that own and control such Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP), Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)

Ownership and Management. Allow any Borrower to be (a) owned and and/or controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower equity holders as of the date of this AgreementAgreement or (b) managed by any Person other than Senior Management as of the date of this Agreement and replacements reasonably acceptable to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (CompuCredit Holdings Corp)

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Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior senior, management that own and control such Borrower as of the date of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (C & F Financial Corp)

Ownership and Management. Allow any Borrower Debtor to be owned and controlled directly or indirectly by any Person other than the existing shareholders shareholders, members and senior management that own and control such Borrower Debtor as of the date of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)

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