Common use of Exclusions from Triggering Events Clause in Contracts

Exclusions from Triggering Events. Notwithstanding anything in --------------------------------- this Agreement to the contrary, none of the following events will be considered a Triggering Event: (a) Immediate Sale of Stock in Owner. A sale of up to 25% of stock -------------------------------- in Owner, within 30 days after the Recordation Date, as long as (i) Xxxx X. Xxxxxxxxxxx, or a revocable trust whose trustor, trustee, and beneficiary are all Xxxx X. Xxxxxxxxxxx, retains ownership of 75% of the stock in Owner and (ii) Xxxx X. Xxxxxxxxxxx retains control of the management of Owner.

Exclusions from Triggering Events. Notwithstanding anything in --------------------------------- this Agreement to the contrary, none of the following events will be considered a a. Triggering Event: (a) Immediate Sale of Stock in Owner. A sale of up to 25% of stock -------------------------------- in Owner, within 30 days after the Recordation Date, as long as (i) Xxxx X. Xxxxxxxxxxx, or a revocable trust whose trustor, trustee, and beneficiary are all Xxxx X. Xxxxxxxxxxx, retains ownership of 75% of the stock in Owner and (ii) Xxxx X. Xxxxxxxxxxx retains control of the management of Owner.