Nature of Business; Management. Change the nature of its business or enter into any business which is substantially different from the business in which it is presently engaged.
Nature of Business; Management. The Borrower will not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.
Nature of Business; Management. Neither the Borrower nor any Subsidiary will change its line of business from that described in Section 6.7 or enter into any business which is substantially different from such business.
Nature of Business; Management. Change the nature of its business or enter into any business which is substantially different from the business in which it is presently engaged; amend the Borrower's agreements with Borrower's REIT Manager if such amendments would materially increase amounts payable thereunder to Borrower's REIT Manager or which would violate any provision of the Credit Documents; or terminate or allow the termination (whether voluntary or involuntary) of the Borrower's agreements with Borrower's REIT Manager unless within thirty (30) days thereafter Borrower's REIT Manager is replaced by an advisor or management team pursuant to an agreement which is in compliance with the requirements of the North American Security Administrators Association's Statement of Policy for Real Estate Investment Trusts and which is otherwise satisfactory to the Agent and the Majority Lenders.
Nature of Business; Management. The Borrower will not change its line of business or enter into any business which is substantially different from the business in which it is presently engaged or permit any material change in its management.
Nature of Business; Management. Neither Borrower nor any of its Subsidiaries will (a) change the nature of its business in any material respect or enter into any business which is substantially different from the business in which it is presently engaged, other than any Permitted Other Business Lines, or (b) permit a change in the Chief Executive Officer and/or President of the Borrower.
Nature of Business; Management. The Borrower will not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower. Transactions with Related Parties. The Borrower will not, and will not permit any Subsidiary to, enter into any transaction or agreement with any officer, director or holder of ten percent (10%) or more of any class of the outstanding capital stock of the Borrower or any Subsidiary (or any Affiliate of any such Person) unless the same is upon terms substantially similar to those obtainable from wholly unrelated sources.
Nature of Business; Management. Change the nature of its business or enter into any business which is substantially different from the business in which it is presently engaged. 6.5. Transactions with Related Parties. Enter into any transaction or agreement with any officer, director, or holder of more than five percent (5%) (based on voting rights) of the issued and outstanding capital stock of the Borrower (or any Affiliate of the Borrower), unless the same is upon terms substantially similar to those obtainable from qualified wholly unrelated sources. 6.6
Nature of Business; Management. Change the nature of its business or enter into any business which is substantially different from the business in which it is presently engaged or permit any substantial change in its executive management, which shall mean Kenneth S. Shifrin as Chairman and CEO or William H. Hayes as CFX, xxxxxxx xxx xxxsent of the Lender, whosx xxxxxxx xxxxx not be unreasonably withheld.
Nature of Business; Management. No Borrower will make any substantial change in the nature of its business as conducted as of the date hereof. No Borrower will make any substantial change in the present executive or management personnel of such Borrower.
