Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower as of the date of this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp)
Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders shareholders, members and senior management that own and control such Borrower as of the date of this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP), Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)
Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person person or entity other than the existing shareholders members and senior management that own and control such Borrower as of the date of this Agreement.
Appears in 2 contracts
Sources: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)
Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower as of the date of this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Carbiz Inc)
Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior senior, management that own and control such Borrower as of the date of this Agreement.
Appears in 1 contract
Ownership and Management. Allow any Borrower to be (a) owned and and/or controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower equity holders as of the date of this AgreementAgreement or (b) managed by any Person other than Senior Management as of the date of this Agreement and replacements reasonably acceptable to Agent.
Appears in 1 contract
Sources: Loan and Security Agreement (CompuCredit Holdings Corp)
Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person person or entity other than the existing shareholders partners and senior management that own and control such Borrower as of the date of this Agreement, provided that ▇▇▇▇▇ ▇▇▇▇▇ may transfer his partnership interests in Borrower to any of the other partners or to a third party upon his termination or retirement from employment by Borrower without causing a violation of this covenant.
Appears in 1 contract
Ownership and Management. Allow any Borrower Debtor to be owned and controlled directly or indirectly by any Person other than the existing shareholders shareholders, members and senior management that own and control such Borrower Debtor as of the date of this Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)