Specified Event. Specified Event" shall mean any unsolicited tender or exchange offer commenced by a Person (other than Shareholder or its Controlled Affiliates or any Group of which Shareholder or any such Controlled Affiliate is a member) for Voting Securities representing more of the Total Voting Power of the Company than the amount beneficially owned by Shareholder (but in any event for Voting Securities representing not less than twenty percent (20%) of the Total Voting Power of the Company), or an unsolicited proxy or consent solicitation by any such Person in order to replace at least a majority of the Continuing Directors, or any unsolicited tender or exchange offer for voting securities representing at least twenty percent (20%) of the Total Voting power of any material subsidiary of the Company.
Appears in 3 contracts
Sources: Exchange Offer Agreement (Compagnie Generale D Industrie Et De Participations), Shareholders Agreement (Crown Cork & Seal Co Inc), Shareholders Agreement (Crown Cork & Seal Co Inc)