A Change of Control occurs. The value (based on the then current stock price published on the New York Stock Exchange or NASDAQ) of the Pledged Interests (as defined in the Binah Stock Pledge Agreement) of MHC and C▇▇▇▇ ▇. ▇▇▇▇▇, collectively, are less than an amount equal to the product of (A) the then outstanding principal balance of the Loans multiplied by (B) 1.2 at any time.
Appears in 2 contracts
Sources: Master Credit Agreement (Binah Capital Group, Inc.), Master Credit Agreement (Binah Capital Group, Inc.)