Potential Major Transaction

Potential Major Transaction. Shall be deemed to have occurred if the conditions set forth in any one of the following paragraphs shall have been satisfied: 26 (I) the Company enters into an agreement, the consummation of which would result in the occurrence of a Major Transaction; (II) the Company or any Person publicly announces an intention to take or to consider taking... actions which, if consummated, would constitute a Major Transaction; or (III) the Board of Directors of National Grid Transco plc adopts a resolution to the effect that, for purposes of this Agreement, a Potential Major Transaction has occurred. View More