Common use of Change in Ownership Clause in Contracts

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty percent (50%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (Ambit Biosciences Corp), Security Agreement (Ambit Biosciences Corp)

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Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty twenty five percent (5025%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital or other investors so long as Borrower identifies to Lender the venture capital or other investors prior to the closing of the investment).

Appears in 3 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Tengion Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty forty nine percent (5049%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 3 contracts

Samples: Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.), Venture Loan and Security Agreement (Enphase Energy, Inc.)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty percent (50%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital or institutional investors so long as Borrower identifies to Lender the venture capital or institutional investors prior to the closing of the investment).

Appears in 3 contracts

Samples: Consent and Waiver Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty percent (50%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender Lenders the venture capital investors prior to the closing of the investment).

Appears in 3 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty thirty-three percent (5033%) (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investmentinvestment or pursuant to any transaction contemplated in the Put and Support Agreement).

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty twenty five percent (5025%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender Lenders the venture capital investors prior to the closing of the investment).

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty percent (50%) 25% (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower Guarantor or reasonably related thereto or have a material change in its ownership of greater than fifty percent (50%) (other than by the sale by Borrower Guarantor of BorrowerGuarantor’s Equity Securities in a public offering or to venture capital or other institutional or strategic investors so long as Borrower Guarantor identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Guaranty and Security Agreement (Entropic Communications Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or at any time that the Borrower’s stock ceases to be traded on a public national exchange or stock market, have a material change in its ownership of greater than fifty twenty five percent (5025%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Pharmasset Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower Guarantor or reasonably related thereto or have a material change in its ownership of greater than fifty twenty five percent (5025%) (other than by the sale by Borrower Guarantor of BorrowerGuarantor’s Equity Securities in a public offering or to venture capital or other institutional or strategic investors so long as Borrower Guarantor identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Guaranty and Security Agreement (Entropic Communications Inc)

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Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its management (other than as disclosed to Lenders in writing prior to the date hereof) or a change in its ownership of greater than fifty twenty-five percent (5025%) (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies identities to Lender Lenders the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Egenera, Inc.)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty forty nine and nine tenths percent (5049.9%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Singulex Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty forty-nine percent (5049%) (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Isilon Systems, Inc.)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related or incidental thereto or have a material change in its ownership or senior management of greater than fifty twenty five percent (5025%) from the date of this Agreement (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender Lenders the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Myogen Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty forty nine percent (5049 %) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cryocor Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty thirty-three percent (5033%) (other than by the sale by Borrower of Borrower’s Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Change in Ownership. Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its ownership of greater than fifty twenty five percent (5025%) (other than by the sale by Borrower of Borrower’s 's Equity Securities in a public offering or to venture capital investors so long as Borrower identifies to Lender the venture capital investors prior to the closing of the investment).

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Convio, Inc.)

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