Common use of Changes in Business, Ownership, Management or Business Locations Clause in Contracts

Changes in Business, Ownership, Management or Business Locations. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by the Company or have a change in its ownership (other than the sale of the Company’s equity securities in a public or private offering) of greater than 51%. The Company will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Egain Communications Corp), Note and Warrant Purchase Agreement (Egain Communications Corp), Note and Warrant Purchase Agreement (Egain Communications Corp)

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Changes in Business, Ownership, Management or Business Locations. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by the Company Borrower or reasonably related thereto or have a material change in its ownership or management (other than the sale of the CompanyBorrower’s equity securities in a public offering or private offeringto venture capital investors approved by Bank) of greater than 5125%. The Company Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lexar Media Inc), Loan and Security Agreement (Threshold Pharmaceuticals Inc), Loan and Security Agreement (Lexar Media Inc)

Changes in Business, Ownership, Management or Business Locations. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by the Company Borrower or reasonably related thereto or have a material change in its ownership (other than as permitted in Section 7.3 or with respect to the sale of the CompanyBorrower’s equity securities in on a public or private offeringmarket) of greater than 5125%. The Company Borrower will not, without at least 30 10 days prior written notice, relocate its chief executive office or add any new offices or business locationsoffice.

Appears in 2 contracts

Samples: Loan and Security Agreement (Saba Software Inc), Loan and Security Agreement (Saba Software Inc)

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Changes in Business, Ownership, Management or Business Locations. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by the Company Borrower or reasonably related thereto or have a material change in its ownership or management of greater than 25% (other than by the sale of the CompanyBorrower’s equity securities in a public offering or private offering) to venture capital investors so long as Borrower identifies the venture capital investors prior to the closing of greater than 51%the investment). The Company Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locationsoffice.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Storage Technology Inc)

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