{"component": "clause", "props": {"groups": [{"size": 60, "snippet": "As soon as possible and in any event within five (5) Business Days after the effective date thereof, notice of any change in the name, jurisdiction of organization, corporate structure, tax characterization or location of records of the Borrower; provided that the Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral; and", "samples": [{"hash": "8cWoGXJS5Ag", "uri": "/contracts/8cWoGXJS5Ag#corporate-changes", "label": "Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.)", "score": 37.3477058411, "published": true}, {"hash": "6Qp7vWURQOH", "uri": "/contracts/6Qp7vWURQOH#corporate-changes", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.1697463989, "published": true}, {"hash": "cfvidbpyS5C", "uri": "/contracts/cfvidbpyS5C#corporate-changes", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.0109519958, "published": true}], "snippet_links": [{"key": "as-soon-as-possible", "type": "definition", "offset": [0, 19]}, {"key": "after-the-effective-date", "type": "clause", "offset": [67, 91]}, {"key": "change-in", "type": "clause", "offset": [115, 124]}, {"key": "jurisdiction-of-organization", "type": "clause", "offset": [135, 163]}, {"key": "corporate-structure", "type": "definition", "offset": [165, 184]}, {"key": "tax-characterization", "type": "clause", "offset": [186, 206]}, {"key": "location-of-records", "type": "clause", "offset": [210, 229]}, {"key": "of-the-borrower", "type": "clause", "offset": [230, 245]}, {"key": "provided-that", "type": "definition", "offset": [247, 260]}, {"key": "the-borrower-agrees", "type": "clause", "offset": [261, 280]}, {"key": "the-administrative-agent", "type": "clause", "offset": [446, 470]}, {"key": "at-all-times", "type": "definition", "offset": [483, 495]}, {"key": "change-to", "type": "clause", "offset": [511, 520]}, {"key": "perfected-security-interest", "type": "clause", "offset": [545, 572]}, {"key": "the-collateral", "type": "clause", "offset": [580, 594]}], "hash": "c5cf0dac84a032ef5b134b3c8e4f04d3", "id": 1}, {"size": 44, "snippet": "Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of formation without twenty (20) days\u2019 prior written notice to Agent. Neither Borrower nor any Subsidiary shall suffer a Change in Control. Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to Agent; and (ii) such relocation shall be within the continental United States. Neither Borrower nor any Subsidiary shall relocate any item of Collateral (other than (x) sales of Inventory in the ordinary course of business, (y) relocations of Equipment having an aggregate value of up to $150,000 in any fiscal year, and (z) relocations of Collateral from a location described on Exhibit C to another location described on Exhibit C) unless (i) it has provided prompt written notice to Agent, (ii) such relocation is within the continental United States and, (iii) if such relocation is to a third party bailee, it has delivered a bailee agreement in form and substance reasonably acceptable to Agent.", "samples": [{"hash": "5VpSBOz8Ss1", "uri": "/contracts/5VpSBOz8Ss1#corporate-changes", "label": "Loan and Security Agreement (Amyris, Inc.)", "score": 29.4982891083, "published": true}, {"hash": "ks5BW2AQtR1", "uri": "/contracts/ks5BW2AQtR1#corporate-changes", "label": "Loan and Security Agreement (Edge Therapeutics, Inc.)", "score": 26.6153316498, "published": true}, {"hash": "hb873f67Buv", "uri": "/contracts/hb873f67Buv#corporate-changes", "label": "Loan and Security Agreement (Neos Therapeutics, Inc.)", "score": 26.4620132446, "published": true}], "snippet_links": [{"key": "neither-borrower", "type": "definition", "offset": [0, 16]}, {"key": "subsidiary-shall", "type": "definition", "offset": [25, 41]}, {"key": "corporate-name", "type": "clause", "offset": [53, 67]}, {"key": "legal-form", "type": "clause", "offset": [69, 79]}, {"key": "jurisdiction-of-formation", "type": "clause", "offset": [83, 108]}, {"key": "notice-to-agent", "type": "clause", "offset": [149, 164]}, {"key": "a-change-in-control", "type": "definition", "offset": [215, 234]}, {"key": "chief-executive-office", "type": "clause", "offset": [291, 313]}, {"key": "principal-place-of-business", "type": "definition", "offset": [321, 348]}, {"key": "continental-united-states", "type": "definition", "offset": [453, 478]}, {"key": "sales-of-inventory", "type": "clause", "offset": [570, 588]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [589, 623]}, {"key": "aggregate-value", "type": "clause", "offset": [664, 679]}, {"key": "fiscal-year", "type": "clause", "offset": [705, 716]}, {"key": "exhibit-c", "type": "definition", "offset": [781, 790]}, {"key": "a-third-party", "type": "clause", "offset": [991, 1004]}, {"key": "bailee-agreement", "type": "definition", "offset": [1032, 1048]}, {"key": "form-and-substance", "type": "clause", "offset": [1052, 1070]}], "hash": "834d7dfb248c8c63afa83cb9f209dc69", "id": 2}, {"size": 37, "snippet": "Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of formation without twenty (20) days\u2019 prior written notice to the Lenders. Neither Borrower nor any Subsidiary shall suffer a Change in Control. Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to the Lenders; and (ii) such relocation shall be within the continental United States. Except in connection with Permitted Transfers, neither Borrower nor any Subsidiary shall relocate any item of Collateral (other than (x) sales of Inventory in the ordinary course of business, (y) relocations of Equipment having an aggregate value of up to $150,000 in any fiscal year, and (z) relocations of Collateral from a location described on Exhibit C to another location described on Exhibit C, as the same may be amended) unless (i) it has provided prompt written notice to the Lenders, (ii) such relocation is within the continental United States and, (iii) if such relocation is to a third party bailee, it has delivered a bailee agreement in form and substance reasonably acceptable to the Lenders.", "samples": [{"hash": "5X4lAHEbtE1", "uri": "/contracts/5X4lAHEbtE1#corporate-changes", "label": "Loan and Security Agreement (Intelepeer Inc)", "score": 23.0095825195, "published": true}, {"hash": "aOdCJWPIgDc", "uri": "/contracts/aOdCJWPIgDc#corporate-changes", "label": "Loan and Security Agreement (Intelepeer Inc)", "score": 22.9520874023, "published": true}, {"hash": "eBXtr0ad5S7", "uri": "/contracts/eBXtr0ad5S7#corporate-changes", "label": "Loan and Security Agreement (Intelepeer Inc)", "score": 22.3524990082, "published": true}], "snippet_links": [{"key": "neither-borrower", "type": "definition", "offset": [0, 16]}, {"key": "subsidiary-shall", "type": "definition", "offset": [25, 41]}, {"key": "corporate-name", "type": "clause", "offset": [53, 67]}, {"key": "legal-form", "type": "clause", "offset": [69, 79]}, {"key": "jurisdiction-of-formation", "type": "clause", "offset": [83, 108]}, {"key": "notice-to-the-lenders", "type": "clause", "offset": [149, 170]}, {"key": "a-change-in-control", "type": "definition", "offset": [221, 240]}, {"key": "chief-executive-office", "type": "clause", "offset": [297, 319]}, {"key": "principal-place-of-business", "type": "definition", "offset": [327, 354]}, {"key": "continental-united-states", "type": "definition", "offset": [465, 490]}, {"key": "in-connection-with", "type": "clause", "offset": [499, 517]}, {"key": "permitted-transfers", "type": "definition", "offset": [518, 537]}, {"key": "sales-of-inventory", "type": "clause", "offset": [629, 647]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [648, 682]}, {"key": "aggregate-value", "type": "clause", "offset": [723, 738]}, {"key": "fiscal-year", "type": "clause", "offset": [764, 775]}, {"key": "exhibit-c", "type": "definition", "offset": [840, 849]}, {"key": "a-third-party", "type": "clause", "offset": [1084, 1097]}, {"key": "bailee-agreement", "type": "definition", "offset": [1125, 1141]}, {"key": "form-and-substance", "type": "clause", "offset": [1145, 1163]}], "hash": "3a1a155a097b2eec492601c4caaf9a34", "id": 3}, {"size": 13, "snippet": "(i) Subject to paragraph 1(e)(ii) hereof, if the Company shall be a party to any reorganization, merger, dissolution or sale of all or substantially all of its assets, whether or not the Company is the surviving entity, the number of Warrants evidenced by this Certificate shall be adjusted so as to apply to the securities to which the holder of that number of Shares of the Company subject to the unexercised Warrants would have been entitled by reason of such reorganization, merger, dissolution or sale of all or substantially all of its assets (the \"EVENT\"), and the Exercise Price shall be adjusted to be the amount determined by multiplying the Exercise Price in effect immediately prior to the Event by the number of Shares subject to the unexercised Warrants immediately prior to the change or reclassification, and dividing the product thereof by the number of Shares to which the holder of that number of Shares subject to the unexercised Warrants would have been entitled to by reason of such Event.\n(ii) If the Company is unable to deliver Shares to the Warrantholder pursuant to the proper exercise of a Warrant, the Company may satisfy such obligations to the Warrantholder hereunder by paying to the Warrantholder in cash the difference between the Exercise Price of all unexercised Warrants granted hereunder and the Fair Market Value of the Shares to which the Warrantholder would be entitled to upon exercise of all unexercised Warrants. Adjustments under this subparagraph (e) or (subject to subparagraph (n)) any determinations as to the fair Market Value of any Shares shall be made by the board of directors of the Company, or any committee thereof specifically designated by the board of directors to be responsible therefor, and any reasonable determination made by such board or committee thereof shall be binding and conclusive, subject only to any disputes being resolved by the Company's auditors, whose determination shall be binding and conclusive.", "samples": [{"hash": "4JmRe9EQcst", "uri": "/contracts/4JmRe9EQcst#corporate-changes", "label": "Warrant Agreement (Lasermedia Communications Corp)", "score": 16.0, "published": true}, {"hash": "20Dwlwm2znm", "uri": "/contracts/20Dwlwm2znm#corporate-changes", "label": "Warrant Agreement (Lasermedia Communications Corp)", "score": 16.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [45, 62]}, {"key": "a-party", "type": "clause", "offset": [66, 73]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [128, 152]}, {"key": "the-surviving-entity", "type": "clause", "offset": [198, 218]}, {"key": "number-of-warrants", "type": "definition", "offset": [224, 242]}, {"key": "to-apply", "type": "clause", "offset": [297, 305]}, {"key": "the-securities", "type": "definition", "offset": [309, 323]}, {"key": "the-holder", "type": "clause", "offset": [333, 343]}, {"key": "shares-of-the-company", "type": "clause", "offset": [362, 383]}, {"key": "subject-to-the", "type": "definition", "offset": [384, 398]}, {"key": "unexercised-warrants", "type": "clause", "offset": [399, 419]}, {"key": "the-exercise-price", "type": "definition", "offset": [568, 586]}, {"key": "in-effect", "type": "definition", "offset": [667, 676]}, {"key": "the-event", "type": "clause", "offset": [698, 707]}, {"key": "number-of-shares-subject", "type": "clause", "offset": [715, 739]}, {"key": "the-product", "type": "definition", "offset": [834, 845]}, {"key": "unable-to-deliver", "type": "clause", "offset": [1035, 1052]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1081, 1096]}, {"key": "exercise-of", "type": "clause", "offset": [1104, 1115]}, {"key": "a-warrant", "type": "definition", "offset": [1116, 1125]}, {"key": "fair-market-value-of-the-shares", "type": "definition", "offset": [1334, 1365]}, {"key": "upon-exercise", "type": "clause", "offset": [1414, 1427]}, {"key": "board-of-directors-of-the-company", "type": "definition", "offset": [1612, 1645]}, {"key": "be-responsible", "type": "clause", "offset": [1725, 1739]}, {"key": "reasonable-determination", "type": "definition", "offset": [1758, 1782]}, {"key": "binding-and-conclusive", "type": "clause", "offset": [1832, 1854]}, {"key": "subject-only", "type": "definition", "offset": [1856, 1868]}, {"key": "by-the-company", "type": "clause", "offset": [1900, 1914]}], "hash": "e358e174252d4d6cd398a0e3264b889e", "id": 9}, {"size": 19, "snippet": "The Customer will not, without the prior written consent of IBM Credit, directly or indirectly, merge, consolidate, liquidate, dissolve or enter into or engage in any operation or activity materially different from that presently being conducted by Customer.", "samples": [{"hash": "kwFYvogJHre", "uri": "/contracts/kwFYvogJHre#corporate-changes", "label": "Inventory and Working Capital Financing Agreement (Ameriquest Technologies Inc)", "score": 18.0, "published": true}, {"hash": "hkHzmAwJSnp", "uri": "/contracts/hkHzmAwJSnp#corporate-changes", "label": "Working Capital Financing and Term Loan Agreement (Radius Inc)", "score": 18.0, "published": true}, {"hash": "hk027k5Atpi", "uri": "/contracts/hk027k5Atpi#corporate-changes", "label": "Inventory and Working Capital Financing Agreement (Litronic Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "customer-will-not", "type": "clause", "offset": [4, 21]}, {"key": "consent-of", "type": "clause", "offset": [49, 59]}, {"key": "ibm-credit", "type": "clause", "offset": [60, 70]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [72, 94]}, {"key": "engage-in-any", "type": "definition", "offset": [153, 166]}, {"key": "being-conducted", "type": "definition", "offset": [230, 245]}, {"key": "by-customer", "type": "clause", "offset": [246, 257]}], "hash": "1304275d6134ae6845ca7f313f14c963", "id": 5}, {"size": 13, "snippet": "In the event of any stock dividend, stock split or other increase or reduction in the number of shares of Common Stock outstanding, the number and class of shares covered by this option, and the exercise price, are subject to adjustment as provided in the Plan.", "samples": [{"hash": "ly2IJyIUjyl", "uri": "/contracts/ly2IJyIUjyl#corporate-changes", "label": "Non Qualified Stock Option Agreement (Wolverine World Wide Inc /De/)", "score": 19.0, "published": true}, {"hash": "jo5DAKeBOYw", "uri": "/contracts/jo5DAKeBOYw#corporate-changes", "label": "Stock Option Agreement (Choiceone Financial Services Inc)", "score": 19.0, "published": true}, {"hash": "blHCGzQiqur", "uri": "/contracts/blHCGzQiqur#corporate-changes", "label": "Non Qualified Stock Option Agreement (Manatron Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "in-the-event-of", "type": "clause", "offset": [0, 15]}, {"key": "stock-dividend", "type": "definition", "offset": [20, 34]}, {"key": "stock-split", "type": "clause", "offset": [36, 47]}, {"key": "reduction-in", "type": "definition", "offset": [69, 81]}, {"key": "shares-of-common-stock-outstanding", "type": "definition", "offset": [96, 130]}, {"key": "covered-by", "type": "definition", "offset": [163, 173]}, {"key": "the-exercise-price", "type": "definition", "offset": [191, 209]}, {"key": "subject-to", "type": "definition", "offset": [215, 225]}, {"key": "the-plan", "type": "clause", "offset": [252, 260]}], "hash": "d2fa898beb7b89ab6dcf88fc24e23e46", "id": 8}, {"size": 19, "snippet": "Debtor shall not change its name, identity or corporate structure in any manner that might make any financing statement filed in connection with this Agreement seriously misleading unless Debtor shall have given Secured Party thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or appropriate by Secured Party to protect its Liens and the perfection and priority thereof. Debtor shall not change its principal place of business, chief executive office or the place where it keeps its books and records unless it shall have given Secured Party thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or appropriate by Secured Party to cause its security interest in the Collateral to be perfected with the priority required by this Agreement.", "samples": [{"hash": "jcz3yCF0YMo", "uri": "/contracts/jcz3yCF0YMo#corporate-changes", "label": "Pledge and Security Agreement (Karts International Inc)", "score": 18.0, "published": true}, {"hash": "j0YTosmxvRM", "uri": "/contracts/j0YTosmxvRM#corporate-changes", "label": "Pledge and Security Agreement (Karts International Inc)", "score": 18.0, "published": true}, {"hash": "eln7VTK0EsF", "uri": "/contracts/eln7VTK0EsF#corporate-changes", "label": "Pledge and Security Agreement (Savvis Communications Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "corporate-structure", "type": "definition", "offset": [46, 65]}, {"key": "financing-statement", "type": "definition", "offset": [100, 119]}, {"key": "in-connection-with", "type": "clause", "offset": [126, 144]}, {"key": "secured-party", "type": "clause", "offset": [212, 225]}, {"key": "notice-thereof", "type": "clause", "offset": [257, 271]}, {"key": "deemed-necessary", "type": "definition", "offset": [304, 320]}, {"key": "perfection-and-priority", "type": "clause", "offset": [382, 405]}, {"key": "principal-place-of-business", "type": "definition", "offset": [443, 470]}, {"key": "chief-executive-office", "type": "clause", "offset": [472, 494]}, {"key": "books-and-records", "type": "definition", "offset": [527, 544]}, {"key": "security-interest-in-the-collateral", "type": "clause", "offset": [726, 761]}, {"key": "by-this-agreement", "type": "clause", "offset": [805, 822]}], "hash": "2194ef8496b5b4a77b6ec9826325a648", "id": 4}, {"size": 18, "snippet": "(a) Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of formation without ten (10) days\u2019 prior written notice to Agent.\n(b) Neither Borrower nor any Subsidiary shall suffer a Change in Control.\n(c) Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to Agent; and (ii) such relocation shall be within the continental United States of America.\n(d) If Borrower intends to add any new offices or business locations, including warehouses, containing any portion of Borrower\u2019s assets or property valued, individually or in the aggregate, in excess of Three Hundred Thousand Dollars ($300,000) then Borrower will cause the landlord of any such new offices or business locations, including warehouses, to execute and deliver a landlord consent in form and substance satisfactory to Agent; provided that the foregoing requirements shall not apply to (x) locations outside the United States and (y) locations of contract manufacturing or third party logistics services providers or inventory transit locations where the inventory located therein does not exceed 90 days at a time.\n(e) If Borrower intends to deliver any portion of Borrower\u2019s assets or property valued, individually or in the aggregate, in excess of Three Hundred Thousand Dollars ($300,000) to a bailee, and Agent and such bailee are not already parties to a bailee agreement governing both the Collateral and the location to which Borrower intends to deliver the Collateral, then Borrower will cause such bailee to execute and deliver a bailee agreement in form and substance satisfactory to Agent; provided that the foregoing requirements shall not apply to (x) locations outside the United States and (y) locations of contract manufacturing or third party logistics services providers or transit locations where the inventory located therein does not exceed 90 days at a time.\n(f) The Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than Permitted Businesses.", "samples": [{"hash": "8sF1w2lMqCt", "uri": "/contracts/8sF1w2lMqCt#corporate-changes", "label": "Loan and Security Agreement (Senseonics Holdings, Inc.)", "score": 36.6741943359, "published": true}, {"hash": "3iIIFobJfQk", "uri": "/contracts/3iIIFobJfQk#corporate-changes", "label": "Loan and Security Agreement (Senseonics Holdings, Inc.)", "score": 34.6919898987, "published": true}], "snippet_links": [{"key": "neither-borrower", "type": "definition", "offset": [4, 20]}, {"key": "subsidiary-shall", "type": "definition", "offset": [29, 45]}, {"key": "corporate-name", "type": "clause", "offset": [57, 71]}, {"key": "legal-form", "type": "clause", "offset": [73, 83]}, {"key": "jurisdiction-of-formation", "type": "clause", "offset": [87, 112]}, {"key": "notice-to-agent", "type": "clause", "offset": [150, 165]}, {"key": "a-change-in-control", "type": "definition", "offset": [220, 239]}, {"key": "chief-executive-office", "type": "clause", "offset": [300, 322]}, {"key": "principal-place-of-business", "type": "definition", "offset": [330, 357]}, {"key": "united-states-of-america", "type": "definition", "offset": [474, 498]}, {"key": "if-borrower", "type": "clause", "offset": [504, 515]}, {"key": "business-locations", "type": "clause", "offset": [550, 568]}, {"key": "assets-or-property", "type": "definition", "offset": [629, 647]}, {"key": "in-the-aggregate", "type": "definition", "offset": [672, 688]}, {"key": "borrower-will", "type": "clause", "offset": [750, 763]}, {"key": "the-landlord", "type": "clause", "offset": [770, 782]}, {"key": "execute-and-deliver", "type": "clause", "offset": [855, 874]}, {"key": "landlord-consent", "type": "definition", "offset": [877, 893]}, {"key": "form-and-substance", "type": "clause", "offset": [897, 915]}, {"key": "provided-that", "type": "definition", "offset": [939, 952]}, {"key": "the-foregoing", "type": "definition", "offset": [953, 966]}, {"key": "outside-the-united-states", "type": "clause", "offset": [1013, 1038]}, {"key": "contract-manufacturing", "type": "clause", "offset": [1060, 1082]}, {"key": "third-party", "type": "definition", "offset": [1086, 1097]}, {"key": "services-providers", "type": "clause", "offset": [1108, 1126]}, {"key": "the-inventory", "type": "clause", "offset": [1164, 1177]}, {"key": "bailee-agreement", "type": "definition", "offset": [1474, 1490]}, {"key": "the-collateral", "type": "clause", "offset": [1506, 1520]}, {"key": "the-location", "type": "clause", "offset": [1525, 1537]}, {"key": "the-borrower", "type": "definition", "offset": [1999, 2011]}, {"key": "material-extent", "type": "definition", "offset": [2075, 2090]}, {"key": "any-business", "type": "definition", "offset": [2094, 2106]}, {"key": "permitted-businesses", "type": "clause", "offset": [2118, 2138]}], "hash": "8f2578bd2d8752ddd66c3aa51e2c5cca", "id": 6}, {"size": 17, "snippet": "The Company shall not (a) amend its Articles of Incorporation or Bylaws (or equivalent documents), (b) acquire by merging or consolidating with, or agreeing to merge or consolidate with, or purchase substantially all of the stock or assets of, or otherwise acquire, any business or any corporation, partnership, association or other business organization or division thereof, (c) enter into any partnership or joint venture, (d) declare, set aside, make or pay any dividend or other distribution in respect of its capital stock or purchase or redeem, directly or indirectly, any shares of its capital stock, (e) issue or sell any shares of its capital stock of any class or any options, warrants, conversion or other rights to purchase any such shares or any securities convertible into or exchangeable for such shares, or (f) liquidate or dissolve or obligate itself to do.", "samples": [{"hash": "leyO9bGlPJc", "uri": "/contracts/leyO9bGlPJc#corporate-changes", "label": "Merger Agreement (U S Plastic Lumber Corp)", "score": 18.0, "published": true}, {"hash": "kSrEGZjoBUX", "uri": "/contracts/kSrEGZjoBUX#corporate-changes", "label": "Securities Purchase Agreement (U S Plastic Lumber Corp)", "score": 18.0, "published": true}, {"hash": "jnjl94Dioxp", "uri": "/contracts/jnjl94Dioxp#corporate-changes", "label": "Securities Purchase Agreement (U S Plastic Lumber Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "incorporation-or-bylaws", "type": "clause", "offset": [48, 71]}, {"key": "or-equivalent", "type": "definition", "offset": [73, 86]}, {"key": "merge-or-consolidate", "type": "definition", "offset": [160, 180]}, {"key": "substantially-all", "type": "definition", "offset": [199, 216]}, {"key": "the-stock", "type": "clause", "offset": [220, 229]}, {"key": "any-business", "type": "definition", "offset": [266, 278]}, {"key": "business-organization", "type": "definition", "offset": [333, 354]}, {"key": "partnership-or-joint-venture", "type": "clause", "offset": [395, 423]}, {"key": "set-aside", "type": "clause", "offset": [438, 447]}, {"key": "other-distribution", "type": "definition", "offset": [477, 495]}, {"key": "in-respect-of", "type": "definition", "offset": [496, 509]}, {"key": "capital-stock", "type": "clause", "offset": [514, 527]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [551, 573]}, {"key": "shares-of", "type": "clause", "offset": [579, 588]}, {"key": "rights-to-purchase", "type": "clause", "offset": [717, 735]}], "hash": "a23b3bad5f55e505d9d07ef829567431", "id": 7}, {"size": 11, "snippet": "Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of formation without twenty (20) days\u2019 prior written notice to Lender. Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to Lender; and (ii) such relocation shall be within the continental United States. Neither Borrower nor any Subsidiary shall relocate any item of Collateral (other than (x) sales of Inventory in the ordinary course of business, (y) relocations of Equipment having an aggregate value of up to $150,000 in any fiscal year, and (z) relocations of Collateral from a location described on Exhibit C to another location described on Exhibit C) unless (i) it has provided prompt written notice to Lender, (ii) such relocation is within the continental United States and, (iii) if such relocation is to a third party bailee, it has delivered a bailee agreement in form and substance reasonably acceptable to Lender.", "samples": [{"hash": "8ZJsxzAUszk", "uri": "/contracts/8ZJsxzAUszk#corporate-changes", "label": "Loan and Security Agreement (Baxano Surgical, Inc.)", "score": 24.9206027985, "published": true}, {"hash": "dbc1oXU5qO1", "uri": "/contracts/dbc1oXU5qO1#corporate-changes", "label": "Loan and Security Agreement (Neuralstem, Inc.)", "score": 24.2334022522, "published": true}, {"hash": "61gyXRYsrPH", "uri": "/contracts/61gyXRYsrPH#corporate-changes", "label": "Loan and Security Agreement (Trulia, Inc.)", "score": 23.6255989075, "published": true}], "snippet_links": [{"key": "neither-borrower", "type": "definition", "offset": [0, 16]}, {"key": "subsidiary-shall", "type": "definition", "offset": [25, 41]}, {"key": "corporate-name", "type": "clause", "offset": [53, 67]}, {"key": "legal-form", "type": "clause", "offset": [69, 79]}, {"key": "jurisdiction-of-formation", "type": "clause", "offset": [83, 108]}, {"key": "notice-to-lender", "type": "clause", "offset": [149, 165]}, {"key": "chief-executive-office", "type": "clause", "offset": [222, 244]}, {"key": "principal-place-of-business", "type": "definition", "offset": [252, 279]}, {"key": "continental-united-states", "type": "definition", "offset": [385, 410]}, {"key": "sales-of-inventory", "type": "clause", "offset": [502, 520]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [521, 555]}, {"key": "aggregate-value", "type": "clause", "offset": [596, 611]}, {"key": "fiscal-year", "type": "clause", "offset": [637, 648]}, {"key": "exhibit-c", "type": "definition", "offset": [713, 722]}, {"key": "a-third-party", "type": "clause", "offset": [924, 937]}, {"key": "bailee-agreement", "type": "definition", "offset": [965, 981]}, {"key": "form-and-substance", "type": "clause", "offset": [985, 1003]}], "hash": "65272afcdac99bee6e70ead83134c2ba", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihpjb3Jwb3JhdGUtY2hhbmdlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 807, "title": "Corporate Changes", "parents": [["covenants-of-borrower", "COVENANTS OF BORROWER"], ["negative-covenants", "NEGATIVE COVENANTS"], ["covenants", "Covenants"], ["miscellaneous", "Miscellaneous"], ["notices", "Notices"]], "children": [["payments", "Payments"], ["tax-limitations-on-corporate-changes-payments", "Tax Limitations on Corporate Changes Payments"], ["", ""], ["definition", "Definition"], ["events-of-default", "Events of Default"]], "id": "corporate-changes", "related": [["corporate-change", "Corporate Change", "Corporate Change"], ["climate-change", "Climate Change", "Climate Change"], ["certain-accounting-changes", "Certain Accounting Changes", "Certain Accounting Changes"], ["effect-of-recapitalizations-reclassifications-and-changes-of-the-common-stock", "Effect of Recapitalizations, Reclassifications and Changes of the Common Stock", "Effect of Recapitalizations, Reclassifications and Changes of the Common Stock"], ["business-changes", "Business Changes", "Business Changes"]], "related_snippets": [], "updated": "2026-06-20T04:26:16+00:00", "also_ask": ["What key triggers should be included to define a 'corporate change' event?", "How can the clause be drafted to prevent circumvention through indirect transactions?", "What are the most common negotiation points or carve-outs for this clause?", "How have courts interpreted ambiguous 'corporate change' provisions in recent cases?", "What are the critical risks if the clause is omitted or poorly defined?"], "drafting_tip": "Specify required notifications and approvals for corporate changes to ensure transparency and maintain contractual control; define what constitutes a corporate change to avoid ambiguity.", "explanation": "The Corporate Changes clause defines how contractual obligations are affected if one of the parties undergoes significant structural changes, such as mergers, acquisitions, or changes in ownership. Typically, this clause requires the party experiencing the change to notify the other party and may grant the non-affected party certain rights, such as the ability to terminate the agreement or renegotiate terms. Its core function is to protect parties from unforeseen risks or altered business relationships that could arise due to major corporate restructuring."}, "json": true, "cursor": ""}}