Control Change. (a) If a Control Change shall occur, then all rights and obligations of the parties under this Agreement shall terminate upon such occurrence except that (1) WMX shall continue to exercise the rights granted under part 7 until WMX ceases to be a 1% owner and until WMX ceases to be a 1% owner, parts 8 - 13 shall remain in effect, and (2) So long as WMX shall be a 5% Owner, WMX shall continue to be entitled to Board representation in accordance with Part 1, and (3) the parties shall have the rights available under the proviso in Section 11.1(b).
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Sources: Relationship Agreement (Servicemaster LTD Partnership)
Control Change. (a) If a Control Change shall occur, then all rights and obligations of the parties under this Agreement shall terminate upon such occurrence except that
(1) WMX shall continue to exercise the rights granted under part 7 until WMX ceases to be a 1% owner and until WMX ceases to be a 1% owner, parts 8 - 13 -13 shall remain in effect, and
(2) So long as WMX shall be a 5% Owner, WMX shall continue to be entitled to Board representation in accordance with Part 1, and
(3) the parties shall have the rights available under the proviso in Section 11.1(b).
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