Common use of PARTIAL TRANSACTIONS Clause in Contracts

PARTIAL TRANSACTIONS. In addition to all other protections under this Agreement, if, within any twelve (12) month period while the Agreement remains in effect, American Airlines Group or the Company sells, transfers or disposes of assets which, net of asset purchases or acquisitions during the same twelve (12) month period, constitute twenty percent (20%) or more of the value of the assets of the Company or American Airlines Group (the closing of any such transaction(s) which alone or in the aggregate satisfy the aforesaid percentage being referred to as a “Triggering Event”), then:

Appears in 10 contracts

Samples: Attendant Agreement, Flight Attendant Agreement, Flight Attendant Agreement

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PARTIAL TRANSACTIONS. In addition to all other protections under this Agreement, if, within any twelve (12) month period while the Agreement remains in effect, American Airlines US Airways Group or the Company sells, transfers or disposes of assets which, net of asset purchases or acquisitions during the same twelve (12) month period, constitute twenty percent (20%) or more of the value of the assets of the Company or American Airlines US Airways Group (the closing of any such transaction(s) which alone or in the aggregate satisfy the aforesaid percentage being referred to as a “Triggering Event”), then:

Appears in 1 contract

Samples: Letter of Agreement

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