Common use of Subsequent Acts Clause in Contracts

Subsequent Acts. If the rights or obligations of Baptist under this Agreement are materially adversely affected by (X) any decision by the Company to take or cause the Partnership to take an action described in paragraphs (i) through (viii) of Section 2.3 without the affirmative approval of Baptist, including any action required by the Principal Credit Agreement, other than the granting of a mortgage or collateral security interest in the assets of the Company, (Y) any foreclosure on or transfer of assets that represent 20% or more of the fair value of the assets of the Company or the Partnership as a result of the exercise by the lenders or other "Secured Creditors" (as defined in the Principal Credit Agreement) of their rights under the Principal Credit Agreement, or (Z) any amendment of this Agreement resulting from or arising out of Vanguard's need to consolidate the financial results of the Company or the Partnership with the other financial results of Vanguard, then Baptist may, upon written notice to VHFC, cause VHFC to purchase all Shares owned by Baptist and pay Baptist $358,200 for its Shares.

Subsequent Acts. If the rights or obligations of Baptist under this Agreement are materially adversely affected by (X) any decision by the Company to take or cause the Partnership to take an action described in paragraphs (i) through (viiixi) of Section 2.3 without the affirmative approval of Baptist, including any action required by the Principal Credit Agreement, other than the granting of a mortgage or collateral security interest in the assets of the Company, (Y) any foreclosure on or transfer of assets that represent 20% or more of the fair value of the assets of the Company or the Partnership as a result of the exercise by the lenders or other "Secured Creditors" (as defined in the Principal Credit Agreement) of their rights under the Principal Credit Agreement, or (Z) any amendment of this Agreement resulting from or arising out of Vanguard's need to consolidate the financial results of the Company or the Partnership with the other financial results of Vanguard, then Baptist may, upon written notice to VHFC, cause VHFC to purchase all Shares owned by Baptist and pay Baptist $358,200 for its Shares.