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Common use of Loss of Control Clause in Contracts

Loss of Control. If KNOC Korea ceases at any time to have Control of the Borrower without the prior written consent of the Majority Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

Related Clauses

  • Status of Contracts
  • STATUS OF CONTRACTOR
  • Termination of Contracts
  • Termination of Contract
  • Grouping of contracts

Parent Clauses

  • Events of Default
  • Events of Default Remedies
  • Event of Default
  • Contractor Performance Requirements
  • Risk of Personal Injury and Property Damage

Sub-Clauses

  • NEW FRANCHISE AGREEMENT
  • TERMINATION BY FRANCHISEE
  • CHANGE OF OWNERSHIP
  • CONTINUED EFFECT OF AGREEMENT
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