Ownership Change

Ownership Change. Means any of the following occurs with respect to the Control Company. (i) the direct or indirect sale or exchange by the shareholders of the Control Company of all or substantially all of the stock of the Control Company; (ii) a merger in which the Control Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the Control Company's assets (other than a sale, exchange, or transfer to one or more corporations where the shareholders of the... Control Company before such sale, exchange, or transfer retain, directly or indirectly, at least a majority of the beneficial interest in the voting stock of the corporation(s) to which the assets were transferred). View More