Enter URL in a Change in Control Agreement - Online Editor

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What does change of control mean in a credit agreement?

Change of Control means any event, transaction or occurrence as a result of which (a) the equity owners of Borrower on the date hereof shall cease to own and control, directly orindirectly, at least fifty percent (50%) of the economic or voting rights of the outstanding Capital Stock of Borrower on a fully-diluted

What is the purpose of a change in control agreement?

In employment contracts, a change of control clause entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employees responsibilities leading to constructive dismissal within a

What is the change of control clause in an agreement?

Also known as change of control. A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a change in ownership or management of the other party to the agreement. Not all change of control provisions are triggered by the same action.

What is an example of a change of control clause?

Change of Control Clause: Example The Customer shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement by 3 months written notice to the Supplier, if there is a Change of Control of the Supplier.

What is the legal definition of change of control?

Change of Control means the Company is a party to a transaction in which it is sold to, merged, consolidated, reorganized into or with, or its assets are transferred or sold to another entity, after which the holders of voting securities of the Company immediately prior to such transaction, including voting

What is a change of control agreement?

Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a change of control clause.

What is the change of control provision in a credit agreement?

It is common for creditor agreements to include a change of control clause to protect the lender in case the company comes under new ownership. Such clauses may stipulate that the lender can demand to be repaid in full upon triggering of the clause by a change in company ownership.

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Enter URL in the Change in Control Agreement

Enter URL in Change in Control Agreement trouble-free with DocHub.

How to enter URL in Change in Control Agreement without breaking a sweat:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Got questions?

What does change of control mean in a credit agreement?

What is the purpose of a change in control agreement?

What is the change of control clause in an agreement?

What is an example of a change of control clause?

What is the legal definition of change of control?

What is a change of control agreement?

What is the change of control provision in a credit agreement?

See why our customers choose DocHub

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Enter URL in the Change in Control Agreement

Enter URL in Change in Control Agreement trouble-free with DocHub.

How to enter URL in Change in Control Agreement without breaking a sweat:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

Related features

Got questions?

What does change of control mean in a credit agreement?

What is the purpose of a change in control agreement?

What is the change of control clause in an agreement?

What is an example of a change of control clause?

What is the legal definition of change of control?

What is a change of control agreement?

What is the change of control provision in a credit agreement?

See why our customers choose DocHub

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