Common use of Transfers Defined Clause in Contracts

Transfers Defined. The following events shall be deemed to be a sale, assignment or other transfer of the Agreement requiring compliance with this Section: (i) the sale, assignment or other transfer of all or a majority of Company's assets to another Person; (ii) the sale, assignment or other transfer of capital stock or partnership, membership or other equity interests in Company by one or more of its existing shareholders, partners, members or other equity owners so as to create a new controlling interest in Company; (iii) the issuance of additional capital stock or partnership, membership or other equity interest by Company so as to create a new controlling interest in Company; and (iv) the entry by Company into an agreement with respect to the management or operation of Company or its Telecommunications System or Open Video System. The term "Controlling Interest" as used herein means majority equity ownership of Company.