Common use of Organizational Changes Clause in Contracts

Organizational Changes. Borrower shall not, without providing Lender thirty (30) calendar days’ prior written notice, change (i) its legal name, (ii) its jurisdiction of organization or, if not a registered organization, location for purposes of the UCC, (iii) its type of organization, (iv) the location of its principal place of business or chief executive office or (v) its constituent documents in a manner materially adverse to Lender.

Appears in 2 contracts

Sources: Master Loan Agreement (USBC, Inc.), Master Loan Agreement (Kindly MD, Inc.)

Organizational Changes. Borrower shall not, without providing Lender thirty (30) calendar days’ prior written notice, change (i) its legal name, (ii) its jurisdiction of organization or, if not a registered organization, location for purposes of the UCC, (iii) its type of organization, (iv) the location of its principal place of business or chief executive office or (v) its constituent documents in a manner reasonably expected to be materially adverse to Lender.

Appears in 1 contract

Sources: Master Loan Agreement (Eightco Holdings Inc.)