Restore title 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 does control shall mean?

For purposes of this definition, Control shall mean possessing, directly or indirectly, the power to direct or cause the direction of the management, policies, and operations of a person, whether through ownership of voting securities, by contract, or otherwise.

What is the meaning of change in control?

Change in Control (also known as CIC) is a term that may refer to a situation when a companys ownership structure changes docHubly. This can happen as the result of a takeover, a merger, or a bankruptcy.

What does change of control mean in an agreement?

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 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.

What is the standard definition of change of control?

A change of control is a change in a companys ownership or management that results in the decision-making capacity of that entity being exercised by a different group of shareholders and/or directors.

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 does change in control shall mean?

b) A Change in Control CHANGE IN CONTROL shall mean an Ownership Change Event or a series of related Ownership Change Events (collectively, a Transaction) TRANSACTION) wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the

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Restore title in the Change in Control Agreement