Common use of Change of Control or Sale Clause in Contracts

Change of Control or Sale. Upon the occurrence of: (a) a Change of Control; or (b) the sale of all or substantially all of the assets of the Group whether in a single transaction or a series of related transactions (other than as a result of a Permitted Transaction): (i) a Lender shall not be obliged to fund a Utilisation; and (ii) the Agent shall, upon written instructions from an individual Lender and, by not less than thirty (30) days' notice, cancel the Commitment of such Lender and require repayment of the participation of such Lender in the Loans, whereupon the Commitment of such Lender will be cancelled and all outstanding participations of such Lender together with accrued interest, and all other amounts accrued under the Finance Documents and owing to such Lender shall become immediately due and payable and the Borrowers shall repay or prepay such amounts.

Change of Control or Sale. (a) Upon the occurrence of: (ai) a Change of Control; or (bii) the sale of all or substantially all of the assets of the Group whether in a single transaction or a series of related transactions (other than as a result of a Permitted Transaction): (iA) a Lender shall not be obliged to fund a Utilisation; and (iiB) the Agent shall, upon written instructions from an individual Lender and, by not less than thirty (30) days' ’ notice, cancel the Commitment of such Lender and require repayment of the participation of such Lender in the Loans, whereupon the Commitment of such Lender will be cancelled and all outstanding participations of such Lender together with accrued interest, and all other amounts accrued under the Finance Documents and owing to such Lender shall become immediately due and payable and the Borrowers shall repay or prepay such amounts.