There occurs a definition

There occurs a change in control." The term "change in control" shall mean the first to occur of the following events:
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Examples of There occurs a in a sentence

  • There occurs a material decrease in the Client's net asset value (measured solely by reference to the assets held by or under the control of GTJAFX or its Affiliates and liabilities owed to GTJAFX or its Affiliates), as determined by GTJAFX in a commercially reasonable manner.

  • There occurs a material adverse change in the business, assets or financial condition of any of the German Borrower, the Belgian Borrower or of the Group taken as a whole.

  • There occurs a default beyond any applicable grace or cure period on the part of the Borrower, any Guarantor or any of their respective Affiliates under any other note, loan agreement, security instrument or financial arrangement of any kind, whether now existing or subsequently entered into, with the Lender or any Affiliate of the Lender.

  • There occurs a material adverse change in the operations, business or condition, including financial condition, of the Borrowers and their Subsidiaries, taken as a whole after the date of this Agreement.

  • There occurs a "Change in Control" as such term is defined on the date hereof in the Subordinated Notes Indenture.

  • There occurs a liquidation, termination, dissolution, merger, consolidation or failure to maintain good standing in the State of Georgia (or in the case of an individual, the death or legal incapacity) of the owner of the Property or any person obligated to pay any part of the secured indebtedness.

  • There occurs a material adverse change in the business, assets or financial condi­tion of any of the German Borrower, the Belgian Borrower or of the Group taken as a whole.

  • There occurs a Material Adverse Effect, ----------------------- in the reasonable judgment of Agent or the Majority Lenders.

  • There occurs a material breach by any Borrower under any Applicable Agreement, the result of which breach is the suspension of the other parties’ performance thereunder, the delivery of a notice of acceleration, or the termination of such Applicable Agreement.

  • There occurs a Fraud which is proven as causing losses to one (or both) of the Parties.