Basic Call Right Clause Samples

Basic Call Right. (1) In the event any WMX Control Change shall occur, then ServiceMaster shall have the option (the "Control Change Call") to purchase on the terms prescribed in this Section 6.8 both the WM Option and the WM Shares. A partial exercises of the Control Change Call is not permitted. (2) For purposes of this Agreement a "WMX Control Change" shall be deemed to have occurred if any development shall occur with respect to WMX which would constitute a Control Change under the standards prescribed in Section 11.3 (applying Section 11.3 as if it referred to WMX rather than ServiceMaster).