Common use of Ownership Change Event Clause in Contracts

Ownership Change Event. Consideration consisting of stock of the Company or a parent corporation or subsidiary corporation received pursuant to an Ownership Change Event with respect to the Shares shall remain subject to the S Corporation Provisions unless the provisions of Section 5.7 result in a termination of the S Corporation Provisions.

Appears in 2 contracts

Samples: Restricted Stock Agreement (DT Credit Company, LLC), Restricted Stock Agreement (DT Credit Company, LLC)

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Ownership Change Event. Consideration consisting of stock of the Company or a parent corporation or subsidiary corporation received pursuant to an Ownership Change Event with respect to the Remaining Shares shall remain subject to the S Corporation Provisions unless the provisions of Section 5.7 result in a termination of the S Corporation Provisions.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Drivetime Automotive Group Inc), Restricted Stock Agreement (Drivetime Automotive Group Inc)

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