Borrower Changes Clause Samples

The 'Borrower Changes' clause defines the rules and procedures for making modifications to the borrower's identity, structure, or key details during the term of an agreement. Typically, this clause outlines the circumstances under which the borrower may change its name, ownership, or legal status, and often requires the lender's prior written consent before such changes can take effect. By establishing clear requirements for notification and approval, the clause helps ensure that the lender remains informed and protected against risks associated with significant changes to the borrower's profile, thereby maintaining the integrity of the lending relationship.
Borrower Changes. Any change for any reason whatsoever in the management, ownership or control of either Borrower that, in the sole discretion of the Guarantors, could result in a Material Adverse Effect.
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Borrower Changes. Borrower will not change its name (except upon not less than 30 days’ prior notice to BOTW and the execution, delivery and recordation of any and all amendments of this Agreement and the other Loan Documents reasonably requested by BOTW in order to conform this Agreement and the other Loan Documents with such new name) or the nature of its business, liquidate or dissolve.
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Borrower Changes. Borrower shall give thirty (30) days prior written notice to Agent of any changes in (a) its jurisdiction of organization, (b) in the location of any of its chief executive office or any other places of business, or the establishment of any new, or the discontinuance of any existing place of business, and (c) its name.
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Related to Borrower Changes

  • Other Changes A. The Master Agreement is hereby amended as follows: 1. The following definitions are added to Article 1: Definitions:

  • Minor Changes Within Sale Area, minor adjustments may be made in boundaries of cutting units or in the timber individually Marked for cutting when ac- ceptable to Purchaser and Forest Service.

  • Interim Changes Since the date of its balance sheets, except as set forth in Exhibit C, there have been no (1) changes in financial condition, assets, liabilities or business of Amalgamated which, in the aggregate, have been materially adverse; (2) damages, destruction or losses of or to property of Amalgamated, payments of any dividend or other distribution in respect of any class of stock of Amalgamated, or any direct or indirect redemption, purchase or other acquisition of any class of any such stock; or (3) increases paid or agreed to in the compensation, retirement benefits or other commitments to its employees.

  • Project Changes Project changes prior to bid opening shall be made by addendum to plans and specifications. Changes after bid opening shall be made by change order. The Local Government shall submit all addenda and all change orders to the Department for an eligibility determination. After execution of all construction, equipment and materials contracts, the Project contingency may be reduced.

  • Room Changes No changes in room assignment will be based upon age, race, religion, national origin, disability, sexual orientation, and online profiles except as needed to provide a reasonable accommodation to residents with eligible disabilities registered with the University [Office of Disability Services]. Room change may only be made with the written approval of University Housing and is dependent upon space availability, timing of the request, and grounds for transfer. Residents who receive approval for a room change may be charged a room change fee as shown on the University Housing website, which will be posted to Resident’s account. Room changes that are not authorized by University Housing will result in a fine as shown on the University Housing website, which will be posted to Resident’s account.