Partial Sale

Partial Sale. A transaction which does not constitute a Control Transfer and as a result of which (i) any Acquiring Persons acquires, directly or indirectly, at least twenty percent but less than a majority of the Company's voting securities, (ii) the Company consolidates with or merges into or with, or effects any plan of share exchange with, any Person; and after giving effect to such consolidation or merger or plan of share exchange, any Acquiring Person owns, directly or indirectly, at least twenty... percent but less than a majority of the voting securities of the Person surviving such consolidation or merger or share exchange, or (iii) at least twenty percent but less than substantially all of the assets of the Company are sold, leased, exchanged or otherwise transferred to any Acquiring Persons, and after giving effect to such transaction, at least twenty percent but less than a majority of the voting securities of the Acquiring Persons are owned directly or indirectly by one or more Third Parties. View More

Partial Sale. Means a Change in Control that occurs prior to an IPO in which a Person, or a group of related Persons, acquires less than one hundred percent (100%) of the combined outstanding voting power of the Company, directly and indirectly (other than transactions the primary purpose of which is to raise capital for the Company).