Common use of Repurchase Event Clause in Contracts

Repurchase Event. A "Repurchase Event" shall be deemed to have occurred at such time as: (a) any Person, other than the Company, any subsidiary of the Company, or any employee benefit plan of the Company or any such subsidiary, is or becomes the beneficial owner, directly or indirectly, through a purchase or other acquisition transaction or series of transactions (other than a merger or consolidation involving the Company), of shares of capital stock of the Company entitling such Person to exercise in excess of 50% of the total voting power of all shares of capital stock of the Company entitled to vote generally in the election of directors; or

Appears in 2 contracts

Sources: Indenture (Telxon Corp), Indenture (Telxon Corp)