Sale of Control. The term “Sale of Control” means, with respect to any Party to this Agreement or any Trussnet Subsidiary, the sale or transfer to any unaffiliated Person of securities of such Party or Trussnet Subsidiary or of all or substantially all of the assets of such Party or Trussnet Subsidiary, whether by merger, consolidation, combination, asset sale, stock sale, tender offer or otherwise, in a transaction whereby the power to elect a majority of the board of directors of such Party or Trussnet Subsidiary shall be vested in such unaffiliated Person.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (China Tel Group Inc)
Sale of Control. The term “Sale of Control” means, with respect to any Party to this Agreement or any Trussnet Subsidiary, the sale or transfer to any unaffiliated Person of securities of such Party or Trussnet Subsidiary or of all or substantially all of the securities or assets of such Party or Trussnet Subsidiary, whether by merger, consolidation, combination, asset sale, stock sale, tender offer or otherwise, in a transaction whereby the power to elect a majority of the board of directors of such Party or Trussnet Subsidiary shall be vested in such unaffiliated Person.
Appears in 2 contracts
Samples: Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)
