Common use of Change of Control of the Manager Clause in Contracts

Change of Control of the Manager. If any Person or group of Persons acting in concert (other than Teekay Corporation and its Affiliates) proposes to acquire Control of the Manager, directly or indirectly, the Manager shall provide at least thirty (30) days’ written notice of the change of Control to the Company, which notice shall identify the Person that will acquire, directly or indirectly, Control of the Manager. A change of Control of the Manager may occur only with the consent of the Company, which consent shall not be unreasonably withheld or delayed.

Change of Control of the Manager. If any Person or group of Persons acting in concert (other than Teekay Corporation and its Affiliates) proposes to acquire Control of the Manager, directly or indirectly, the Manager shall will provide at least thirty (30) days’ written notice of the change of Control to the Company, which notice shall will identify the Person that will acquire, directly or indirectly, Control of the Manager. A change of Control of the Manager Manager, may occur only with the consent of the Company, which consent shall cannot be unreasonably withheld or delayed.