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

Changes in Business, Ownership, Management or Business Locations. Borrower will not engage in, or permit any of its Subsidiaries to engage in, any business other than the businesses currently engaged in by Borrower and its Subsidiaries, or businesses reasonably related thereto. There shall not be a Change of Control. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations in which Borrower maintains or stores over $100,000 in Borrower’s assets or property.

Appears in 1 contract

Samples: Loan and Security Agreement (Intraware Inc)

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Changes in Business, Ownership, Management or Business Locations. The Borrower will shall not engage in, in any business or permit any of its Subsidiaries to engage inin any business, any business other than the businesses currently engaged in by Borrower and its Subsidiaries, any business substantially similar or businesses reasonably related thereto (or incidental thereto. There shall not be a Change of Control). Borrower will not, without at least 30 thirty (30) days prior written noticenotification to Lender, relocate its chief executive office or add any new offices or business locations in which Borrower maintains or stores over $100,000 in Borrower’s assets or propertylocations.

Appears in 1 contract

Samples: Loan and Security Agreement (Odetics Inc)

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Changes in Business, Ownership, Management or Business Locations. Borrower will not engage in, or permit any of its Subsidiaries to engage in, any business other than the businesses currently engaged in by Borrower and its Subsidiaries, or businesses reasonably related thereto. There shall not be a Change material change in Borrower’s ownership of Controlgreater than 35%. Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations in which Borrower maintains or stores over $100,000 20,000 in Borrower’s assets or property.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadvision Inc)

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