Common use of Sale of Control Clause in Contracts

Sale of Control. The term “Sale of Control” means, with respect to any Party to this Agreement or any Trussnet Subsidiary, the sale or transfer to any unaffiliated Person of all or substantially all of the securities or assets of such Party or Trussnet Subsidiary, whether by merger, consolidation, combination, asset sale, stock sale, tender offer or otherwise, in a transaction whereby the power to elect a majority of the board of directors of such Party or Trussnet Subsidiary shall be vested in such unaffiliated Person.

Sale of Control. The term “Sale of Control” means, with respect to any Party to this Agreement or any Trussnet Subsidiary, the sale or transfer to any unaffiliated Person of securities of such Party or Trussnet Subsidiary or of all or substantially all of the securities or assets of such Party or Trussnet Subsidiary, whether by merger, consolidation, combination, asset sale, stock sale, tender offer or otherwise, in a transaction whereby the power to elect a majority of the board of directors of such Party or Trussnet Subsidiary shall be vested in such unaffiliated Person.

Sale of Control. The term “Sale of Control” meansshall mean, with respect as to any Party to this Agreement or any Trussnet SubsidiaryPerson in question, the sale or transfer to any unaffiliated Person of all or substantially all of the securities or assets and business of such Party or Trussnet SubsidiaryPerson, whether by merger, consolidation, combinationstock sale, asset sale, stock sale, tender offer merger or otherwise, in a transaction whereby the power consolidation) to elect a majority any other Person who is not an Affiliate of the board of directors of such Party or Trussnet Subsidiary shall be vested Person in such unaffiliated Personquestion.