China JV Change of Control

Example Definitions of "China JV Change of Control"
China JV Change of Control. Any one, or a series of any one, of the following: (i) a merger, consolidation, security exchange, issuance or sale of equity securities or other reorganization of, or involving, the China JV pursuant to which the China JV's interest holders (determined immediately prior to the time at which such transaction is effected) collectively have beneficial ownership of less than 51% of the total outstanding ownership interest of the China JV, or comparable equity securities of the surviving entity if... the China JV is not the surviving entity, immediately following such transaction; (ii) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions), of all or substantially all of the assets of the China JV; (iii) the interest holders' or board's approval of any plan or proposal for the liquidation or dissolution of the China JV or (iv) the China JV's submission or becoming subject to any bankruptcy proceeding, the appointment of a trustee, custodian or conservator or any other similar voluntary or involuntary creditors' right proceeding View More
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