Common use of Ownership Change Clause in Contracts

Ownership Change. Take, or permit any of its Subsidiaries to take, any action that would result in an "ownership change" (as defined in Section 382 of the Internal Revenue Code) with respect to the Borrower or any of its Subsidiaries or the application of the "separate return limitation year" or "consolidated return change of ownership" limitations under the Federal income tax consolidated return regulations with respect to the Borrower or any of its Subsidiaries (other than as a direct result of the Acquisition and the acquisition by AMF Bowling Centers of the companies set forth on Schedule 4.01(ff) hereto) that could be reasonably likely to have a Material Adverse Effect.

Ownership Change. Take, or permit any of its Subsidiaries to ---------------- take, any action that would result in an "ownership change" (as defined in Section 382 of the Internal Revenue Code) with respect to the Borrower or any of its Subsidiaries or the application of the "separate return limitation year" or "consolidated return change of ownership" limitations under the Federal income tax consolidated return regulations with respect to the Borrower or any of its Subsidiaries (other than as a direct result of the Acquisition and the acquisition by AMF Bowling Centers of the companies set forth on Schedule 4.01(ff) hereto) that could be reasonably likely to have a Material Adverse Effect.