Common use of Restructure Clause in Contracts

Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result in a change of control of Borrower); or suspend operation of Borrower’s business.

Appears in 8 contracts

Samples: Loan and Security Agreement (Kior Inc), Loan and Security Agreement (Kior Inc), Loan and Security Agreement (Kior Inc)

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Restructure. Make any material change in Borrower’s 's financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result in a change of control of Borrowerinvestors); or suspend operation of Borrower’s 's business.

Appears in 3 contracts

Samples: Loan and Security Agreement (Anacor Pharmaceuticals Inc), Loan and Security Agreement (Anacor Pharmaceuticals Inc), Loan and Security Agreement (Anacor Pharmaceuticals Inc)

Restructure. Make any material change in Borrower’s financial structure or business operations operations; cause, permit, or suffer any material change in Borrower’s ownership (other than through the sale of preferred stock to equity investors which does not result or an event as set forth in a change clause (iv) of control the definition of BorrowerLiquidation Event); or suspend operation of Borrower’s business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Codexis Inc), Loan and Security Agreement (Maxygen Inc)

Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result in a change of control of BorrowerBorrower or through the sale of stock in an IPO or secondary public offering); cause a Liquidation Event; or suspend operation of Borrower’s business.

Appears in 2 contracts

Samples: Loan and Security Agreement (ARYx Therapeutics, Inc.), Loan and Security Agreement (ARYx Therapeutics, Inc.)

Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred or common stock to equity investors which does not result in a change of control of BorrowerBorrower or through the sale of stock in an IPO or secondary public offering); cause a liquidation event; or suspend operation of Borrower’s business.

Appears in 1 contract

Samples: Loan and Security Agreement (ARYx Therapeutics, Inc.)

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Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result in a change of control of Borrowerinvestors); or suspend operation of Borrower’s business.

Appears in 1 contract

Samples: Loan and Security Agreement (Foundation Medicine, Inc.)

Restructure. Make any material change in Borrower’s financial structure or business operations (or, other than through the sale of preferred stock to equity investors which does not result investors, cause, permit, or suffer any material change in a change of control of Borrower)’s ownership; or suspend operation of Borrower’s business. By way of example, Borrower may sell shares of capital stock in a financing transaction without the consent of Lender, provided no other Default is caused thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Riverbed Technology, Inc.)

Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result results in a change of control of Borrower); cause a Liquidation Event; or suspend operation of Borrower’s business.

Appears in 1 contract

Samples: Loan and Security Agreement (Restore Medical, Inc.)

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