Common use of Increase in Ownership Clause in Contracts

Increase in Ownership. The date upon which any Person (excluding TrizecHahn Corporation and any TrizecHahn Corporation Subsidiary) has beneficial ownership of the Voting Power of Xxxxx USA that is in excess of the greater of: (I) 35% of the Voting Power of Xxxxx USA; or (II) the Voting Power of Xxxxx USA then held by TrizecHahn Corporation.

Appears in 4 contracts

Samples: Memorandum of Agreement (Clark Refining & Marketing Inc), Memorandum of Agreement (Clark Refining & Marketing Inc), Memorandum of Agreement (Clark Refining & Marketing Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!