Amendment of Plans. At the request of Parent, the Company shall use its best efforts to amend its Plans containing a "change of control" or similar provision, to the satisfaction of Parent, to clarify that any reduction in the Company's refining capacity or number of retail units operated by the Company shall not constitute a "change of control" or similar event under such Plans.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Rosemore Inc), Agreement and Plan of Merger (Crown Central Petroleum Corp /Md/), Agreement and Plan of Merger (Rosemore Inc)
Amendment of Plans. At the request of Parent, the Company shall use its best efforts to amend its Plans containing a "change of control" or similar provision, to the satisfaction of Parent, to clarify that any a reduction in the Company's economic interest in total refining capacity output below 80,000 barrels per day as a result of processing agreements, joint ventures or number of retail units operated by the Company shall similar transactions, will not constitute a "change of control" or similar event under such PlansPlans provided that the Company retains responsibility for staffing and operating the refineries.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Crown Central Petroleum Corp /Md/)
