Change in Board Control. Enter into a transaction after which the members of the board of directors of Borrower immediately prior to such transaction fail to constitute at least a majority of the board of directors of the surviving entity following such transaction.
Appears in 4 contracts
Sources: Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc), Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc), Revolving Credit and Loan Agreement (Kos Pharmaceuticals Inc)