Change of Ownership or Management. In the event of any change of ownership of the business of The Supplier, The Supplier shall notify The Company of this immediately and shall, with The Company’s prior consent, transfer its obligations under this Agreement to the new owner.
Change of Ownership or Management. No Obligor shall:
Change of Ownership or Management. Management Company agrees to notify IEEE at least fourteen (14) days in advance of any change of ownership or management team, or intent to initiate Chapter 11 or other bankruptcy proceedings, or any other change which might materially affect implementation of this Agreement, including but not limited to a change of ownership or management of any subcontractor. IEEE may terminate this Agreement without liability if IEEE reasonably believes that the services provided by Management Company may be affected by such change in ownership or management of Management Company or petition in bankruptcy involving Management Company.
Change of Ownership or Management. Any Change of Ownership or Management shall occur;
Change of Ownership or Management. Upon completion of the merger of Worldwide-NY into Worldwide-DE, Worldwide-DE will at all times own all of the capital stock of Maidenform. Except as set forth on Exhibit 4.12, Maidenform will at all times own all of the capital stock of all of the other Borrowers except Worldwide-DE and Worldwide-NY.
Change of Ownership or Management. The Borrower will not permit --------------------------------- anyone other than the Persons specified in Section 5.13 to own beneficially or of record any of the membership interests of the Borrower without the prior written consent of the Lender, which consent shall not be unreasonably withheld or delayed. The Borrower will not, during the shorter of the four year period commencing on the date hereof or the period from the date hereof until Xxxxx X. Xxxxxx shall cease to be active in the business of the Borrower other than by involuntary replacement, terminate as an Operating Manager Xxxxx X. Xxxxxx.
Change of Ownership or Management. (i) Xxxxxxx Xxxxxx shall cease to own and control, beneficially and of record, at least 10% of the issued and outstanding voting stock of Restoration; or any Person that does not as of the Closing Date own 8% or more of the issued and outstanding voting stock of Restoration shall acquire (through one or more transactions) an additional 10% or more of the issued and outstanding voting stock of Restoration; or Restoration shall cease to own and control, beneficially and of record, 100% of the issued and outstanding voting stock of Michael's or such lesser amount as shall occur by reason of voting stock of Michael's transferred to Xxxxxxx Xxxxxxxxxx pursuant to the earnout terms in that certain Stock Purchase Agreement between Restoration and Xxxxxxx Xxxxxxxxxx. Notwithstanding the foregoing, if 51% or more in the aggregate of the issued and outstanding voting stock of Restoration is owned by Xxxxx Capital, Xxxxxxx Xxxxxx, Xxxxxx Presidio, Cardinal Investors and/or Chase Capital, no Event of Default shall have occurred under this clause (i) of subsection 10.1.11; provided that nothing in this clause (i) shall restrict, and -------- no default shall arise as a result of a change in control (as described in this clause (i)) resulting from an initial public offering of Restoration's stock.
Change of Ownership or Management i) Except for transactions in which BNSC becomes the sole member and equity interest holder of Manager that are financed with capital contributed to BNSC and without any cash flow or distribution from Manager, the occurrence of any change in the ownership of Borrowers that deviates from the ownership of such entities on the date of this Agreement as depicted on Exhibit C, attached hereto and incorporated herein by reference, without Lender’s prior written consent, which consent may be withheld in Lender’s sole and absolute discretion; or ii) the occurrence of any change in the management of either Borrower without Lender’s prior written consent, which consent may be withheld in Lender’s sole and absolute discretion. As used herein, a change in management of either Borrower means the removal or replacement of any two or more of the following without a similarly experienced and fully KRGC-licensed individual in the role within forty five (45) days: A) Xxxxx Xxxxxxx as CEO of BNSC; B) Xxxxx Xxxxxxxx as General Manager of Manager; C) Xxxxx Xxxxx as an officer of BNSC; or D) Xxxx Deutsch as Assistant General Manager of Manager.
Change of Ownership or Management. The Borrower will not permit anyone other than the Persons specified in Section 5.13 to own beneficially or of record any of the membership interests of the Borrower without the prior written consent of the Lender, which consent shall not be unreasonably withheld or delayed. The Borrower will not, during the shorter of the four year period commencing on the date hereof or the period from the date hereof until James J. Cotter shall cease to
Change of Ownership or Management. Restoration shall cease to own and control, beneficially and of record, 100% of the issued and outstanding voting stock of Michaels or such lesser amount as shall occur by reason of voting stock of Michaels transferred to Michxxx Xxxxxxxxxx xxxsuant to the earnout terms in that certain Stock Purchase Agreement between Restoration and Michxxx Xxxxxxxxxx.
