Ruling Requirement for Major Sample Clauses

Ruling Requirement for Major. Transactions Undertaken by Southern Energy during the Restricted Period. During the Restricted Period, Southern and Southern Energy will not enter into any of the following transactions, or enter into any other transaction which, by itself or in the aggregate, may cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire directly or indirectly stock representing Control of Southern or Southern Energy, as the case may be, within the meaning of Code Section 355(e): (i) merge or consolidate with or into any other corporation; (ii) liquidate or partially liquidate (within the meaning of such terms as defined in Section 346 and Section 302, respectively, of the Code); (iii) sell or transfer all or substantially all its assets (within the meaning of Rev. Proc. 77-37, 1977 - 2 C.B. 568) in a single transaction or series of related transactions; (iv) redeem or otherwise repurchase any of Southern or Southern Energy's capital stock; or (v) make any change in its equity structure (including stock issuances, pursuant to the exercise of options or otherwise, option grants, the adoption of, or authorization of shares under a stock option plan, capital contributions or acquisition but not including the Distribution), (actions (i), (ii), (iii), (iv) and (v) are referred to as the "Prohibited Acts"), unless Southern or Southern Energy first obtains, and permits the other party to review, a supplemental ruling from