Definition of GP Change in Control


GP Change in Control means Midstream Holdings and its Affiliates no longer (i) own the majority of the voting Equity Securities of the General Partner or (ii) have the right to appoint the majority of the board of directors or managers of the General Partner.

Examples of GP Change in Control in a sentence

In the event of a Change in Control or a GP Change in Control (as each term is defined in the GP Holdings A&R LPA) of the Company, Midstream Holdings or GP Holdings, the Purchasers shall have the right to require GP Holdings to repurchase all of their GP Holdings Common Units for an aggregate purchase price of $125.0 million ("Minimum Investor Return").