Change of Control Clause (Loan Agreement)

Summary

This precedent is a change of control clause for loan agreements and credit facilities governed by applicable provincial and federal laws of Canada. This change of control clause is used in loan and credit agreements to give a party certain right in connection with a change in ownership or management of the other party to the agreement. This form includes practical guidance, drafting notes and optional clauses. For more information on loan and security agreements, see the practice notes Loan Types, Asset-Based Loans, Loan Agreement Alternatives, and Termination of Loan and Security Documents. For more information about the use of covenants in a loan agreement, see Covenants in a Loan Agreement. For an overview of the key elements found in a loan agreement, see Loan Agreement: Key Elements. For information to assist you with the drafting and negotiation of loan and credit agreements, see the flowchart Loan and Credit Agreements Table. For an introduction to asset-based financing, see ...