Common use of Mandatory prepayment - change of control Clause in Contracts

Mandatory prepayment - change of control. (a) For the purposes of this Clause: a CHANGE OF CONTROL occurs if any person or group of persons acting in concert cease(s) to be the beneficial owner directly or indirectly through wholly owned Subsidiaries of more than 50% of the issued share capital of the Company; and

Mandatory prepayment - change of control. (a) For the purposes of this Clause: a CHANGE OF CONTROL occurs if any person or group of persons acting in concert cease(s) to be the beneficial owner directly or indirectly through wholly owned Subsidiaries of more than 50% of the issued share capital gains control of the Company; and;