Sale or Disposition of Assets. For the purposes of this Agreement,(a) the sale of as much as fifty percent (50%) of the assets of the Company or any bank controlled by the Company shall constitute the "sale or other disposition of all or substantially all of the assets" of such entity and (b) the sale of as much as twenty-five percent (25%) of the voting power of the equity securities of any bank controlled by the Company shall constitute the "sale or other disposition of all or substantially all of the assets" of the Company.
Appears in 5 contracts
Samples: Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.)
Sale or Disposition of Assets. For the purposes of this Agreement,(a) the sale of as much as fifty percent (50%) of the assets of the Company or any bank controlled by the Company shall constitute the "“sale or other disposition of all or substantially all of the assets" ” of such entity and (b) the sale of as much as twenty-five percent (25%) of the voting power of the equity securities of any bank controlled by the Company shall constitute the "“sale or other disposition of all or substantially all of the assets" ” of the Company.
Appears in 4 contracts
Samples: Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.), Change of Control Agreement (Mid-America Bancshares, Inc.)
