Common use of Change in Ownership of a Substantial Portion of Assets Clause in Contracts

Change in Ownership of a Substantial Portion of Assets. a change in ownership of a substantial portion of the Company’s assets occurs if in a twelve(12)-month period any one person or more than one person acting as a group acquires from the Company assets having a total gross fair market value equal to or exceeding forty percent (40%) of the total gross fair market value of all of the Company’s assets immediately before the acquisition or acquisitions. For this purpose, gross fair market value means the value of the Company’s assets, or the value of the assets being disposed of, determined without regard to any liabilities associated with the assets.

Change in Ownership of a Substantial Portion of Assets. a change in ownership of a substantial portion of the CompanyBancorp’s assets occurs if in a twelve(12)-month 12-month period any one person or more than one person acting as a group acquires from the Company Bancorp assets having a total gross fair market value equal to or exceeding forty percent (40%) % of the total gross fair market value of all of the CompanyBancorp’s assets immediately before the acquisition or acquisitions. For this purpose, gross fair market value means the value of the CompanyBancorp’s assets, or the value of the assets being disposed of, determined without regard to any liabilities associated with the assets.

Change in Ownership of a Substantial Portion of Assets. a change in ownership of a substantial portion of the Company’s assets occurs if in a twelve(12)-month twelve (12)-month period any one person or more than one person acting as a group acquires from the Company assets having a total gross fair market value equal to or exceeding forty percent (40%) of the total gross fair market value of all of the Company’s assets immediately before the acquisition or acquisitions. For this purpose, gross fair market value means the value of the Company’s assets, or the value of the assets being disposed of, determined without regard to any liabilities associated with the assets.