Change of control

A contractual trigger that fires when a company's ownership passes a threshold. It can give a lender the right to be repaid, a bondholder a put, a landlord a veto, and a customer an exit — which is why consents take months.

Where Change of control is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

• Joint venture
• How to Read a Credit Agreement
• Private share purchase

The whole glossary