North Carolina Ratification of change in control agreements with copy of form of change in control agreement
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How to fill out Ratification Of Change In Control Agreements With Copy Of Form Of Change In Control Agreement?
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FAQ
Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a ?change of control? clause.
For example, a change of control may be triggered by a sale of more than 50% of a party's stock, a sale of substantially all the assets of a party or a change in most of the board members of a party. For a standard change of control clause, see Standard Clause, Loan Agreement: Change of Control Event of Default.
A change of control is a change in a company's ownership or management that results in the decision-making capacity of that entity being exercised by a different group of shareholders and/or directors.
Material Change of Control means the sale of more than 50% of Distributor's equity or shares, calculated as of the Effective Date.
Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a ?change of control? clause.
Material change means an event, occurrence, change in conditions or circumstances or other change which results in or could reasonably result in or may cause changes to the effect of having an effect/impact on the completion of, fulfillment of or execution of the said agreement or contract.
A change of control put is an embedded put option, in favour of the holder, in a bond or other security. It gives the holder of the security the right to require the issuer to redeem it, in the event of a change of control of the issuer, ing to a predetermined formula.