Common use of Ownership Management Clause in Contracts

Ownership Management. There shall be no change in the President or Board of Directors of Borrower without Lender’s written consent. Unless otherwise specified, all accounting and financial terms and covenants set forth above are to be determined according to generally accepted accounting principles, consistently applied.

Ownership Management. There shall be no change in the President or Board of Directors of Borrower without Lender’s 's written consent. Unless otherwise specified, all accounting and financial terms and covenants set forth above are to be determined according to generally accepted accounting principles, consistently applied.