A Change of Control occurs. Upon the occurrence of an Event of Default, the Administrative Agent, shall at the request of, and may with the consent of, the Required Lenders (i) declare all sums outstanding hereunder and under the other Loan Documents, including all interest thereon, to be immediately due and payable, whereupon the same shall become and be immediately due and payable, without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of which are hereby expressly waived, and (ii) liquidate the Collateral and apply the proceeds thereof to repay the Loans then outstanding; provided, however, that upon the entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the unpaid principal amount of the outstanding Loan and all interest and other amounts as aforesaid shall automatically become due and payable, without further act of any Lender.
A Change of Control occurs xvii. The value (based on the then current stock price published on the New York Stock Exchange or NASDAQ) of the Pledged Interests (as defined in the Binah Stock Pledge Agreement) of MHC and Cxxxx X. Xxxxx, collectively, are less than an amount equal to the product of (A) the then outstanding principal balance of the Loans multiplied by (B) 1.2 at any time.
A Change of Control occurs. M. The occurrence of a default or event of default under the Indenture executed by Borrower in connection with the Senior Secured Notes.
A Change of Control occurs. (l) Lender fails to have a first-priority Lien in the Collateral, subject to no other Liens except Permitted Liens.
A Change of Control occurs. (o) Any Loan Document, at any time after its execution and delivery and for any reason other than the agreement of all Lenders or satisfaction of the Obligations, ceases to be in full force and effect or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any material respect; or any Loan Party denies that it has any further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document.
A Change of Control occurs. Notwithstanding anything in this Agreement to the contrary, each Lender and the Agent hereby acknowledge and agree that a restatement of historical financial statements shall not result in a Default hereunder as it relates to representations made hereunder with respect to such financial statements to the extent that such restatement does not reveal any material adverse difference in the financial condition, results of operations or cash flows of an Obligor or a Subsidiary in the previously reported information from actual results reflected in such restatement for any relevant prior period.
A Change of Control occurs. (k) If Guarantor fails to deliver to Agent the original certificates evidencing the shares of Borrower pledged pursuant to the Pledge Agreement, accompanied by undated stock powers, duly indorsed to Agent by Guarantor, on or before July 5, 2012.
A Change of Control occurs
