Common use of Control Transaction Clause in Contracts

Control Transaction. Liberty shall not effect or permit to be effected a Control Transfer, unless the Person that, after giving effect to such transaction, will Control United, delivers to United an undertaking to become a party to this Agreement with the same rights and obligations as if it had been named as Liberty hereunder, and upon such delivery Liberty shall be released from all obligations under this Agreement.

Appears in 2 contracts

Sources: Share Exchange Agreement (Carollo Albert M), Standstill Agreement (Unitedglobalcom Inc)