Common use of Liquidation of Xxxxx USA Clause in Contracts

Liquidation of Xxxxx USA. The date of approval by the shareholders of Xxxxx USA of the sale or other disposition of all or substantially all of the assets of Xxxxx USA; in each case, with respect to which all or substantially all of the individuals and entities who were the respective beneficial owners of the common stock and voting securities of Xxxxx USA immediately prior to such sale or disposition do not, following such sale or disposition (or following a series of prearranged related transactions), beneficially own more than 50% of, respectively, the then outstanding shares of common stock or the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity or entities acquiring all or substantially all of the assets of Xxxxx USA.