Definition of WABCO Change in Control


WABCO Change in Control means (a) the public announcement of a merger or consolidation of Buyer Parent in which the stockholders of Buyer Parent immediately prior to such transaction would own, in the aggregate, 50% or less of the total combined voting power of all classes of capital stock of the surviving entity normally entitled to vote for the election of directors of the surviving entity; (b) the sale by Buyer Parent, directly or indirectly, of all or substantially all of its assets in one transaction or in a series of related transactions; (c) the sale by Buyer Parent, directly or indirectly, of all or substantially all of Buyer’s business, equity interests, or assets in one transaction or in a series of related transactions; or (d) a transaction or series of transactions as a result of which the Partnership ceases to be wholly-owned, directly or indirectly, by Buyer Parent.

Examples of WABCO Change in Control in a sentence

If following execution of this Agreement, there is a WABCO Change in Control, then Seller may exercise the WABCO Change in Control Option at any time during the period between and including the seven (7) month anniversary of the Closing Date and the thirty-five (35) month anniversary of the Closing Date by delivering a Notice of Exercise to Buyer.
In this regard, special reference is amongst others made to the WABCO Change in Control Plan as also referred to in article 20.