Common use of Certain Corporate Actions Clause in Contracts

Certain Corporate Actions. Except as expressly permitted by this Agreement, the Borrower will not, nor will the Borrower permit any of its Subsidiaries to, enter into any transaction (other than the Borrower's initial public offering, the merger of Journal Register LLC with and into the Borrower, the Management Bonus Plan or the Stock Incentive Plan) or take any action that would result in an "ownership change" of the Borrower or any Subsidiary as described in Section 382 of the Code.