Consolidation Transaction

Example Definitions of "Consolidation Transaction"
Consolidation Transaction. Means a transaction or series of related transactions (including mergers, reorganizations, liquidations, share exchanges and/or consolidations involving Holdings and one or more of its direct and indirect wholly-owned subsidiaries) effected to implement a reorganization of Holdings (and one or more of such subsidiaries) (or similar transactions) that does not result in a material change in beneficial ownership of the voting securities of Holdings or its successor.
Consolidation Transaction. Shall mean the closing of transactions by which there shall be cancelled all of the issued and outstanding shares of Preferred Stock of SendTec Acquisition Corp. ("STAC"), a Delaware Corporation, and the exchange of STAC Senior Secured Convertible Debentures convertible into STAC Common Stock for STAC Senior Secured Convertible Debentures convertible into Common Stock of the Company.
Consolidation Transaction. A transaction or series of related transactions (including mergers, reorganizations, liquidations, share exchanges and/or consolidations involving the Company and one or more of its subsidiaries) effected to implement a reorganization of the Company and one or more of its subsidiaries (or similar transactions) that does not result in a material change in beneficial ownership of the voting securities of the Company or its successor
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