Licensee Disposition

Licensee Disposition. The first to occur of any of the following events: (a) Licensee assigns this Agreement to a wholly or partially owned subsidiary (by operation of law, change of control or otherwise) without the prior written permission of Licensor, which shall not be unreasonably withheld; (b) Licensee sells, assigns or otherwise disposes, whether in a single sale or series of related transactions, all or substantially all of its assets; (c) the acquisition, directly or indirectly, in any transaction or any... number of transactions, by an individual or Group (as defined by SEC rules), who is not an owner of at least five percent (5%) of the total voting power of Licensee as of the Effective Date, of at least fifty-one percent (51%) of the total voting power of Licensee; or (d) the consummation of any merger, consolidation or business combination or similar transaction involving Licensee in which Licensee is not the continuing or surviving corporation, without the prior written permission of Licensor, which shall not be unreasonably withheld View More