Borrower Change of Control Sample Clauses

Borrower Change of Control. The occurrence of a Borrower Change of Control.
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Borrower Change of Control. Subordinating Creditor shall at any time cease to be the owner of at least twenty percent (20%) of the issued and outstanding common stock of Borrower; or
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Borrower Change of Control. No Borrower Change of Control shall have occurred.
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Borrower Change of Control. If at any time (i) Mallinckrodt shall cease to own 100% of the issued and outstanding capital stock of Fries & Fries or (ii) Fries & Fries shall cease to be a general partner of the Borrower with legal and beneficial ownership of at least 50% of all capital and other equity and partnership interests in the Borrower (any such event in clauses (i) or (ii), a "Borrower Change of Control"; and the date of consummation of any such Borrower Change of Control, a "Borrower Change of Control Date"), then, unless prior to the Borrower Change of Control Date all of the Banks shall have expressly consented in writing (i) to maintain their Commitments until the Termination Date then in effect, (ii) to release each Guarantor unconditionally from its respective Tastemaker Guarantee, and (iii) to agree to release the Collateral as provided under the Pledge Agreement, the Commitment of each Bank shall terminate (and the Termination Date shall be deemed to occur) on the first Euro-Dollar Business Day after the Borrower Change of Control Date and the outstanding principal amount of each Loan shall thereupon become due and payable on the second Euro-Dollar Business Day after such termination, with interest accrued thereon to the date of payment, all without notice to any Obligor or any other action by any Person.
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Borrower Change of Control. A Borrower Change of Control shall occur; or
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Related to Borrower Change of Control

  • No Change of Control The Company shall use reasonable best efforts to obtain all necessary irrevocable waivers, adopt any required amendments and make all appropriate determinations so that the issuance of the Shares to the Purchasers will not trigger a “change of control” or other similar provision in any of the agreements to which the Company or any of its Subsidiaries is a party, including without limitation any employment, “change in control,” severance or other agreements and any benefit plan, which results in payments to the counterparty or the acceleration of vesting of benefits.

  • Change of Control Transaction If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary at a rate equal to the greater of his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately preceding the termination; and (3) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

  • Upon a Change of Control In the event of the occurrence of a Change in Control while the Executive is employed by the Company:

  • Termination Apart from a Change of Control If the Employee's employment with the Company terminates other than as a result of an Involuntary Termination within the twelve (12) months following a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

  • Change of Control of the Company 93A) The Secretary of State may at any time by notice in writing, subject to clause 93C) below, terminate this Agreement forthwith (or on such other date as he may in his absolute discretion determine) in the event that there is a change:

  • Termination After Change of Control In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE or is terminated by the EMPLOYEE as provided in Section 4(a)(ii) above, then the following shall occur:

  • Termination Upon a Change of Control If Executive’s employment by the Employer, or any Affiliate or successor of the Employer, shall be subject to a Termination within a Covered Period, then, in addition to Minimum Payments, the Employer shall provide Executive the following benefits:

  • Change of Control There occurs any Change of Control; or

  • Termination Apart from Change of Control In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12) month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s (or any subsidiary’s) then existing severance and benefits plans or pursuant to other written agreements with the Company.

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