Change of Ownership or Control. (a) No Person or group (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934), other than existing management of Borrower as of the Closing Date, shall become the beneficial owner of more than 50% of the total voting power of the capital stock of the Borrower then outstanding.
Appears in 3 contracts
Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)
Change of Ownership or Control. (a) No Person or group (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934), other than existing management of Borrower as of the Closing Date, shall become the beneficial owner of more than 5033% of the total voting power of the capital stock of the Borrower then outstanding.
Appears in 3 contracts
Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)
Change of Ownership or Control. (a) No Person or group (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934), other than existing management and owners of capital stock of Borrower as of the Closing Date, shall become the beneficial owner of more than 5033% of the total voting power of the capital stock of the Borrower then outstanding.
Appears in 2 contracts
Samples: Loan Agreement (Exploration Co of Delaware Inc), Loan Agreement (Venus Exploration Inc)
