Restore construction in a Change in Control Agreement - Online Editor

Restore construction in Change in Control Agreement with DocHub!

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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 This SENIOR CREDIT AGREEMENT (this Agreement), dated - SEC.gov sec.gov edgar data v474235ex6-11 sec.gov edgar data v474235ex6-11

Can you retract a signed contract?

In short yes it can! As a contract exists as a legally binding agreement between interested parties, it can be legally modified after being signed. But this happens only with the agreement of all the parties and by adding an extra section, called a rider.

What is an example of a change of control clause in a contract?

In the event of a Change of Control of [Party A], [Party B] shall have the right to terminate this Agreement by giving written notice within 30 days of becoming aware of the Change of Control. Such termination shall take effect 30 days from the date of notice.

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 purpose of the change of control?

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. Change of Control Clause - Practical Law - Practical Law Practical Law

What is a change in control agreement?

We consider your financial future. Change in control agreements are contracts that outline pay and benefits an executive will receive in the event of a change in company ownership. Change In Control Agreements | Ohio Employment Attorneys Gibson Law, LLC change-in-con Gibson Law, LLC change-in-con

What is an example of a change of control?

There is no standard definition for change of control; however, there are some common transactions in which a change of control may be triggered, including these: a sale of all or substantially all of a target companys assets. any merger of the target company with another company.

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Restore construction in Change in Control Agreement with DocHub!

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