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 any Borrower or reasonably related thereto or have a material change in its ownership (other than the sale of any Borrower’s equity securities in a public offering or to venture capital investors approved by Bank) or management. Borrowers will not, without at least thirty (30) days prior written notice to Bank, relocate its principal executive office or add any new offices outside of its current location or add any new business locations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard 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 any Borrower or reasonably related thereto thereto, or have a material change in its ownership (other than the sale of any Borrower’s Borrower s equity securities in a public offering or to venture capital investors approved by Bank) of greater than 25%, or its management. Borrowers Borrower will not, without at least thirty (30) 30 days prior written notice to Bank, relocate its principal executive office or add any new offices outside of its current location or add any new business locations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hearme), Loan and Security Agreement (Hearme)

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 any Borrower or reasonably related thereto or have a material change in its ownership or management (other than the sale of any Borrower’s equity securities in a public offering or to venture capital investors approved by Bank) or management). Borrowers Borrower will not, without at least thirty (30) 30 days prior written notice to Banknotice, relocate its principal chief executive office or add any new offices outside of its current location or add any new business locationsoffice.

Appears in 1 contract

Samples: Loan and Security Agreement (Omnicell Inc /Ca/)

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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 any Borrower or reasonably related thereto or have a material change in its ownership or management (other than the sale of any Borrower’s 's equity securities in a public offering or to venture capital investors approved by Bank) or managementof greater than 25%. Borrowers Borrower will not, without at least thirty (30) 30 days prior written notice to Banknotice, relocate its principal chief executive office or add any new offices outside of its current location or add any new business locations.

Appears in 1 contract

Samples: Security Agreement (Corillian Corp)

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