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 Borrower or reasonably related thereto, or have a material change (which shall be any transfer of over 25% of the capital stock or other ownership interests) in its ownership (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investment), or management. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Five Thousand Dollars ($5,000.00) in Borrower’s assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.

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 Borrower ), enter into any transaction or reasonably series of related thereto, or have a material change (transactions in which shall be any transfer the stockholders of over 25Borrower who were not stockholders immediately prior to the first such transaction own more than 40% of the capital voting stock of Borrower immediately after giving effect to such transaction or other ownership interests) in its ownership related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investmentoffering), or managementhave a change in both its Chief Executive Officer and Chief Financial Officer. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Five Thousand Dollars ($5,000.00) in Borrower’s assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.

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 Borrower ), enter into any transaction or reasonably series of related thereto, or have a material change (transactions in which shall be any transfer the stockholders of over 25Borrower who were not stockholders immediately prior to the first such transaction own more than 40% of the capital voting stock of Borrower immediately after giving effect to such transaction or other ownership interests) in its ownership related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investmentoffering), or managementhave a change in both its Chief Executive Officer and Chief Financial Officer. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Five Ten Thousand Dollars ($5,000.0010,000.00) in Borrower’s assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.

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 Borrower or reasonably related theretoand such Subsidiaries, as applicable, or have consummate any transaction that would result in a material change (which shall be any transfer of over 25% of the capital stock or other ownership interests) in its ownership (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors or strategic investors so long as Borrower identifies to Bank the venture capital investors or strategic investors prior to the closing of the investment), or managementchange any Key Person. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (ia) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Twenty Five Thousand Dollars ($5,000.0025,000.00) in Borrower’s assets or property), or (iib) change its jurisdiction of organization, or (iiic) change its organizational structure or type, or (ivd) change its legal name, or (ve) change any organizational number (if any) assigned by its jurisdiction of organization.

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 Borrower ), enter into any transaction or reasonably series of related thereto, or have a material change (transactions in which shall be any transfer the stockholders of over 25Borrower who were not stockholders immediately prior to the first such transaction own more than 40% of the capital voting stock of Borrower immediately after giving effect to such transaction or other ownership interests) in its ownership related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the investmentoffering), or managementhave a change in both its Chief Executive Officer and Chief Financial Officer. Borrower shall not, without at least thirty (30) days prior written notice to Bank: (i) relocate its chief executive office, or add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Twenty Five Thousand Dollars ($5,000.0025,000.00) in Borrower’s assets or property), or (ii) change its jurisdiction of organization, or (iii) change its organizational structure or type, or (iv) change its legal name, or (v) change any organizational number (if any) assigned by its jurisdiction of organization.