Common use of Ownership of the Obligors Clause in Contracts

Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than Hudbay) from that described on Schedule 7.1(m) as of the Effective Date, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 4 contracts

Samples: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (HudBay Minerals Inc.)

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Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than Hudbaythe Borrower) from that described on Schedule 7.1(m) as of the Effective Date, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 3 contracts

Samples: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.)

Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o9.1(p), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties Obligors (other than Hudbaythe Borrower) from that described on Schedule 7.1(m7.1(q) as of the Effective Datedate of this Agreement, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 2 contracts

Samples: Credit Agreement (Maverix Metals Inc.), Credit Agreement (Maverix Metals Inc.)

Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o9.1(k), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than HudbayHudBay) from that described on Schedule 7.1(m) as of the Effective Datedate of this Agreement, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives Borrowers give the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than Hudbay) from that described on Schedule 7.1(m) as of the Effective Date, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(ii8.5(e)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives Borrowers give the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 1 contract

Samples: Assignment and Assumption (HudBay Minerals Inc.)

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Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o9.1(n), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than HudbayHudBay) from that described on Schedule 7.1(m) as of the Effective Date, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(iiS. 8.5(d)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives Borrowers give the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

Ownership of the Obligors. During the term of this Agreement and without limiting Section 9.1(o9.1(n), there shall not, without the prior written consent of the Required Lenders, be any change in the ownership or Control of the Restricted Parties (other than Hudbay) from that described on Schedule 7.1(m) as of the Effective Date, except as otherwise expressly permitted in this Agreement (including, for certainty, Section 8.6(e)(iiS. 8.5(d)(ii)) and except that ownership or Control may be transferred in whole or in part to another Obligor if the Borrower gives Borrowers give the Agent not less than ten Banking Days advance notice of the transfer and promptly takes steps that the Agent requests to maintain the Loan Documents so that the Lenders' position is not adversely affected.

Appears in 1 contract

Samples: Assignment and Assumption (HudBay Minerals Inc.)

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