Common use of Change in Ownership or Control Clause in Contracts

Change in Ownership or Control. Borrower shall be owned or controlled directly or indirectly by any person or entity other than the members that own or control Borrower as of the date of this Agreement or senior management of Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

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Change in Ownership or Control. Any Borrower shall be owned or controlled directly or indirectly by any person or entity Person other than the members shareholders that own or control Borrower as of the date of this Agreement or senior management of such Borrower as of the date of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Carbiz Inc)

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