Common use of Existence and Change in Ownership Clause in Contracts

Existence and Change in Ownership. Borrower shall, and shall cause Operator and GEN to, maintain its existence throughout the term of this Agreement. Borrower shall not, and shall cause Company, Operator, GEN and their Affiliates to not, effectuate a Restricted Transfer without Lender’s prior written consent, which consent may be withheld in Lender’s sole discretion.

Appears in 3 contracts

Samples: Loan Agreement (Genesis Healthcare, Inc.), Loan Agreement (Genesis Healthcare, Inc.), Loan Agreement (Genesis Healthcare, Inc.)

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Existence and Change in Ownership. Borrower shall, and shall cause Operator and GEN to, maintain its existence throughout the term of this Agreement. Borrower shall not, and shall cause Parent Entity Members, Company, Operator, GEN and their Affiliates to not, effectuate a Restricted Transfer without Lender’s prior written consent, which consent may be withheld in Lender’s sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Genesis Healthcare, Inc.)

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