Software Change of Control

Software Change of Control. Means at any time, with respect to Altisource, the occurrence of any of the following: (a) Transfer by Altisource to an Ocwen Competitor of all or substantially all of Altisource's rights and title to (i) any of the Licensed Software or (ii) any other Licensed Intellectual Property, the effect of which is material and adverse to Ocwen, or (b) any Ocwen Competitor, (i) acquires (whether through legal or "beneficial ownership," by contract, or otherwise), directly or indirectly, the right to vote... more than 50% of the total voting power of all common stock then outstanding of Altisource or Altisource's direct parent company , or (ii) shall have elected, or caused to be elected, a sufficient number of its or their nominees to the board of directors of Altisource or Altisource's direct parent company such that the nominees so elected (regardless of when elected) shall collectively constitute a majority of the board of directors of Altisource or Altisource's direct parent company. View More