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Change of control means a merger or consolidation with another entity in which the Companys stockholders do not own more than 50% of the outstanding voting power of the surviving entity or the disposition of all or substantially all of the Companys assets.
Change of Control Triggering Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event occurring in respect of that Change of Control.
1. Transfer of Percentage of Company Stock. A change of control typically includes the transfer of a certain percentage of the target companys issued and outstanding shares from the target company to the acquirer.
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.
An assignment clause governs whether and when a party can transfer the contract to someone else. Often, it covers what happens in a change of control: whether a party can assign the contract to its buyer if it gets merged into a company or completely bought out.

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1. Transfer of Percentage of Company Stock. A change of control typically includes the transfer of a certain percentage of the target companys issued and outstanding shares from the target company to the acquirer.
1. Transfer of Percentage of Company Stock. A change of control typically includes the transfer of a certain percentage of the target companys issued and outstanding shares from the target company to the acquirer.
Pledge and Control Agreement means a pledge and control agreement in form and substance reasonably satisfactory to the Arrangers to be entered into by and among the Borrower, the trustee under the Senior Notes and a securities intermediary.
More Definitions of Control Agreement Control Agreement means a control agreement, in form and substance satisfactory to Agent, executed and delivered by the applicable Borrower, Agent, and the applicable securities intermediary with respect to a Securities Account or a bank with respect to a deposit account.
An issuer control agreement perfects a security interest in limited liability company (LLC) interests or limited partnership (LP) interests that are classified under the UCC as uncertificated securities.

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