Common use of Fifty Percent Threshold Clause in Contracts

Fifty Percent Threshold. OWW agrees that, during any period in which the members of the Travelport Affiliated Group beneficially own, in the aggregate, Voting Stock entitled to fifty percent (50%) or more of the votes entitled to be cast by the then outstanding Voting Stock, or in which, notwithstanding such percentage, any member of the Travelport Affiliated Group is required, in accordance with GAAP, to consolidate OWW’s financial statements with its financial statements, in addition to the requirement of Section 4.2:

Appears in 4 contracts

Samples: Separation Agreement, Separation Agreement (Travelport LTD), Separation Agreement (Orbitz Worldwide, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.