Common use of Changes In Form Clause in Contracts

Changes In Form. (i) Transfer or dispose of substantially all of its assets, (ii) do business under or otherwise use any name other than its true name or (iii) make any material change in its business, structure, purposes or operations that might have a material adverse effect on the Borrower or any of its Subsidiaries. If the Borrower or any Subsidiary is not an individual, (i) participate in any merger, consolidation or other absorption, unless the Borrower or any Subsidiary is the survivor thereof, with notice of such participation provided to Lender in a timely manner or (ii) make, terminate or permit to be revoked any election pursuant to Subchapter S of the Internal Revenue Code.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Hardinge Inc)