Control Block Sale

Example Definitions of "Control Block Sale"
Control Block Sale. Means a sale or transfer by Vivendi or any of its Controlled Affiliates to an unaffiliated third party in a privately negotiated transaction (and not pursuant to a registration statement or trades on a national securities exchange or The Nasdaq Stock Market) of ownership of a number of shares of Common Stock that would, upon consummation of such transaction, result in such unaffiliated third party (or any "group" (within the meaning of Section 13(d) or 14(d) of the Exchange Act) of which it is... a member) becoming the beneficial owner of (i) more than 50% of the then-outstanding shares of Common Stock or (ii) a percentage of the then-outstanding Common Stock that exceeds Vivendi's Voting Interest after giving effect to such transaction. View More
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