Change in Shareholding Clause Samples
A Change in Shareholding clause defines the consequences and procedures that apply when there is a significant alteration in the ownership structure of a party to the agreement. Typically, this clause sets thresholds for what constitutes a material change—such as the transfer of a certain percentage of shares—and may require notification, consent, or trigger rights like termination or buyout. Its core function is to protect parties from unforeseen changes in control that could affect the business relationship or risk profile, ensuring stability and transparency in contractual dealings.
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Change in Shareholding. If the Lessee is a corporation the shares in which are not quoted on any Stock Exchange in Australia, any change in control of the Lessee (or if the Lessee is a subsidiary, any change in control of its holding company) is taken to be an assignment of the Lessee's interest in this Lease. In this clause:
Change in Shareholding. In the event that the aggregate shareholding of H▇▇▇▇▇▇▇▇ Whampoa Limited and C▇▇▇▇▇ Kong (Holdings) Limited, directly or indirectly, in the Borrower is reduced to less than 30% of all of the ordinary shares of the Borrower, the Borrower will notify the Agent and the Lenders, and the Lenders and the Borrower will mutually negotiate in good faith in relation to possible amendments of the terms of the Finance Documents.
Change in Shareholding register or permit to register any change in its shareholders and the respective shareholdings of the shareholders in the Customer.
Change in Shareholding. The Tenant must seek the Landlord's prior written consent where the Tenant is a corporation (other than a corporation listed on any stock exchange in Australia) and it intends to effect a change in the control of the corporation as existed at the Commencement Date (whether occurring at the one time or through a series or succession of issues or transfers), or a change in the holding of more than one-half of the issued share capital, either beneficially or otherwise.
Change in Shareholding. If the Tenant is a corporation (other than a corporation listed on any stock exchange in Australia) a change in the control of the corporation as such control existed at the Commencement Date (whether occurring at the one time or through a series or succession of issues or transfers) or a change in the holding of more than one-half of the issued share capital, either beneficially or otherwise, will be deemed to be a novation or assignment of this Lease. Before any such novation or assignment of this Lease can be effective and binding upon the Council the Tenant must seek the Council's prior written consent27.
Change in Shareholding. If the Tenant is a corporation (other than a corporation listed on any stock exchange in Australia) a change in the control of the corporation as existed at the Commencement Date (whether occurring at the one time or through a series or succession of issues or transfers) or a change in the holding of more than one-half of the issued share capital, either beneficially or otherwise, will be deemed to be an assignment of this Lease and the Tenant must seek the Council's prior written consent (which may be given or withheld in Council's absolute discretion).
Change in Shareholding. 54.2.1 The Concessionaire represents and warrants to the Grantor that as of the Execution Date, the shareholding of the Concessionaire is as represented in the Appendix 12 (Concessionaire Shareholding) and that no arrangements are in place that have or may have or result in any sale, transfer or disposal of any legal, beneficial, equitable or other interest in any or all of the shares of the Concessionaire.
Change in Shareholding. If the Tenant is a corporation (other than a corporation listed on any stock exchange in Australia) a change in the control of the corporation as such control existed at the Commencement Date (whether occurring at the one time or through a series or succession of issues or transfers) or a change in the holding of more than one-half of the issued share capital, either beneficially or otherwise, will be deemed to be a novation or assignment of this Lease. Before any such novation or assignment of this Lease can be effective and binding upon the Council the Tenant must seek the Council's prior written consent28. 26 Clause 22.12 provides how Council can exercise this consent right. 27 Clause 22.12 provides how Council can exercise this consent right. 28 Clause 22.12 provides how Council can exercise this consent right.
Change in Shareholding. 17 23.10 Exclusion of the Property Law Act.......................... 17 23.11
Change in Shareholding dispose of or otherwise divest itself of or grant any Encumbrance over, shares or other interests held by Dryships in Oceanfreight Inc. or any Shareholder;