Common use of Controlled Company Clause in Contracts

Controlled Company. 2.3.1 The Company and the Equity Investors acknowledge and agree that, by virtue of the combined voting power of Common Stock held by the Equity Investors representing more than 50% of the total voting power of the Common Stock outstanding as of the closing date of the Distribution, the Company qualifies as of the date of the closing of the Distribution as a “controlled company” within the meaning of Stock Exchange rules.

Controlled Company. 2.3.1 The Company and the Equity Investors acknowledge and agree that, by virtue of the combined voting power of Common Stock held by the Equity Investors representing more than 50% of the total voting power of the Common Stock outstanding as of the closing date of the DistributionInitial Public Offering, the Company qualifies as of the date of the closing of the Distribution IPO as a “controlled company” within the meaning of Stock Exchange rules.

Controlled Company. 2.3.1 The Company and the Equity Investors acknowledge and agree that, by virtue of the combined voting power of Common Stock held (or controlled) by the Equity Investors representing more than 50% of the total voting power of the Common Stock outstanding as of the closing date of the DistributionIPO, the Company qualifies will qualify as of the date of the closing of the Distribution IPO as a “controlled company” within the meaning of Stock Exchange rules.