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Common use of Sole Ownership Clause in Contracts

Sole Ownership. The Borrower shall not have more than one (1) owner of its membership interests during the term of this Agreement.

Appears in 23 contracts

Sources: Loan and Security Agreement (CION Investment Corp), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (NMF SLF I, Inc.)

Related Clauses

  • Share Ownership
  • Company Ownership
  • Data Ownership
  • Ownership
  • Joint Ownership

Parent Clauses

  • General Covenants
  • Negative Covenants of the Borrower
  • Intellectual Property
  • Miscellaneous
  • Ownership

Sub-Clauses

  • Licensees Warranties
  • Indemnity by Licensee
  • TERMINATION FOR CAUSE
  • TERMS OF AGREEMENT
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