Common use of Customer Change of Control Clause in Contracts

Customer Change of Control. In case a change of control occurred at Customer (whether through merger, reorganization or consolidation or similar transaction, liquidation or dissolution, a sale of shares or other equity interests, or a sale of all or substantially all of assets) through a single transaction or series of related transactions. For the purposes of this Article Control means, in relation to a body corporate, the direct or indirect (through one or more intermediaries) power of a person to secure that the affairs of the body corporate are conducted in accordance with the wishes of that person by means of the holding of shares or the exercise of voting power or by virtue of any powers conferred by the constitutional or corporate documents or shareholder or similar agreements.

Customer Change of Control. In case a change of control occurred at the Customer (whether through merger, reorganization or consolidation or similar transaction, liquidation or dissolution, a sale of shares or other equity interests, or a sale of all or substantially all of assets) through a single transaction or series of related transactions. For the purposes of this Article Control means, in relation to a body corporate, the direct or indirect (through one or more intermediaries) power of a person to secure that the affairs of the body corporate are conducted in accordance with the wishes of that person by means of the holding of shares or the exercise of voting power or by virtue of any powers conferred by the constitutional or corporate documents or shareholder or similar agreements.