Sale of Company definition

Sale of Company means the sale of Company to an independent third Party or group of independent third Parties pursuant to which such Party or Parties acquire: (i) equity interests possessing the voting power under normal circumstances to elect a majority of the Board of Directors or similar governing body of Company (whether by merger, consolidation or sale or transfer of such equity interests), or (ii) all or substantially all of Company’s assets determined on a consolidated basis.

Sale of Company means (i) a liquidation of Parent pursuant to which all of its assets (after payment of liabilities) are distributed to the holders of its Equity Securities, or (ii) a sale of Parent (or any successor thereto), including in one or more series of related transactions, to an independent third party or group of independent third parties, pursuant to which such party or parties acquire, directly or indirectly, through one or more intermediaries, (A) Equity Securities of Parent constituting at least a majority of the outstanding voting capital stock of Parent (whether by merger, consolidation, sale or transfer of Parent’s outstanding capital stock or otherwise) or (B) all or substantially all of the assets of Parent and its Subsidiaries on a consolidated basis.

Sale of Company means the sale of substantially all of the stock of Company held by Holdings or the sale of all or substantially all of the assets of Company.

Examples of Sale of Company in a sentence

• Experience shows that that very rarely produces the best price, particularly in circumstances where the industry realises that a sale has to proceed.” Sale of the company/breaking up the company In N v N (Financial Provision: Sale of Company) Xxxxxxxxx X.

• The Sale of Company Fee shall be in addition to any Relocation Fee payable by the Company under the terms of this Agreement and any rights of SC Launch to interest or other payments or benefits under the terms of the Note.

• Except as otherwise specifically provided herein, the provisions hereof, including all covenants, shall continue in full force and effect until the repurchase or redemption by the Company of all securities of the Company held by SC Launch or its successors or assigns, and payment of fees, including the Sale of Company Fee and Relocation Fee to the extent applicable, and performance of all other obligations owed SC Launch hereunder.

• SC Launch will continue to retain any Securities or other interests it holds (other than the Note) in the Company after payment of the Sale of Company Fee and this Agreement will continue in full force and effect.

• Other names for the document: Agreement for Purchase of Business, Agreement for Purchase of Company, Agreement for Sale of Business, Agreement for Sale of Company, Agreement to Buy Business.

More Definitions of Sale of Company

Sale of Company means the consummation of an arms-length transaction, occurring within six months of the effective date of the Plan, for the sale to an unrelated third party of (i) 80% or more of the aggregate voting power of all shares of capital stock of the Company or (ii) all or substantially all the assets of the Company.

Sale of Company means (x) a liquidation of the Company pursuant to which all of its assets (after payment of liabilities) are distributed to the holders of its equity securities, or (y) a sale of the Company (or any successor thereto), including in one or more series of related transactions, to an Independent Third Party or group of Independent Third Parties, pursuant to which such party or parties acquire, directly or indirectly, through one or more intermediaries, (i) equity securities of the Company constituting at least a majority of the outstanding voting capital stock of the Company (whether by merger, consolidation, sale or transfer of the Company’s outstanding capital stock or otherwise) or (ii) all or substantially all of the assets of the Company and its Subsidiaries on a consolidated basis.

Sale of Company means a merger, business combination, reorganization, recapitalization or other transaction, which results in the stockholders of the Company who own at least fifty percent (50%) of the Company’s voting control immediately prior to such transaction owning less than fifty percent (50%) of the surviving entity’s voting control immediately after such transaction, and/or sale, transfer, lease or other disposition in any transaction or series of transactions of all or substantially all of the assets of the Company.

Sale of Company means any of the following: (a) any liquidation or winding up of Company, (b) a merger, consolidation or transfer of equity securities (pursuant to a single transaction or series of related transactions) of Company, with or to any independent third party, which, in any case, results in the equity holders of Company immediately prior to such transaction possessing less than a majority of the beneficial voting power or ownership interests of Company's or any successor entity's issued and outstanding equity securities immediately after such transaction or series of such transactions; or (c) a sale, lease or exclusive license, in a single transaction or series of related transactions, to an independent third party of all or substantially all of Company's assets; provided, that, the introduction of one (1) or more holding companies above Company shall not constitute a Sale of Company hereunder.

Sale of Company means the sale of the Company (whether by merger, consolidation Transfer of equity securities or otherwise) pursuant to which any party acquires (a) more than a majority of the outstanding Units of the Company or (b) all or substantially all of the assets of the Company on a consolidated basis.

Sale of Company means any of the following events or series of related events:

Sale of Company s Share Control” means the transfer of Shares of Control to a third party, on an onerous basis.