alteração de controle



change of control


Definitions of change of control

a change in the majority ownership of a company

The borrower is required to notify the lender of a change of control within 30 days.

ALSO change of control clause/agreement a contractual term providing that something will happen upon either the sale of a business or upon any other event that results in the current owners no longer controlling the business

Change of control clauses are now well established as a means of limiting the leveraged takeover risk for eurobond holders.