Common use of Change of Control Notice Clause in Contracts

Change of Control Notice. The Borrower shall prepay in full all amounts outstanding under the Facility, on or within ninety (90) days of a Change of Control that has not been approved by the Majority Lenders; provided however that if the Majority Lenders have failed to respond to a Change of Control Notice prior to such ninetieth day, they will be deemed to have provided their approval to such Change of Control.

Appears in 2 contracts

Sources: Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.)

Change of Control Notice. The Borrower shall prepay in full all amounts outstanding under the Facility, on or within ninety (90) 90 days of a Change of Control that has not been approved by the Majority Lenders; provided however that if the Majority Lenders have failed to respond to a Change of Control Notice prior to such ninetieth day, they will be deemed to have provided their approval to such Change of Control.

Appears in 1 contract

Sources: Revolving Credit Facility (Gatos Silver, Inc.)