Common use of Significant Event Clause in Contracts

Significant Event. A “SIGNIFICANT EVENT” means a Change of Control or a liquidation, dissolution or winding up of the Company in accordance with the LLC Agreement. Notwithstanding the foregoing, a Significant Event shall not include (i) the consummation of any public offering of the securities of the Company pursuant to a registration statement declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended or (ii) a SkyTerra Acquisition (as defined in the Restricted Unit Agreement) (each of (i) and (ii), an “EXCLUDED EVENT”).

Appears in 4 contracts

Samples: Employment Agreement (Hughes Communications, Inc.), Employment Agreement (Hughes Communications, Inc.), Employment Agreement (Hughes Communications, Inc.)

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Significant Event. A "SIGNIFICANT EVENT" means a Change of Control or a liquidation, dissolution or winding up of the Company Hughes in accordance with the LLC Agreement. Notwithstanding the foregoingforxxxxxx, a Significant Event shall not include (i) the consummation of any public offering of the securities of the Company pursuant to a registration statement declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended or (ii) a SkyTerra Acquisition (as defined in the Restricted Unit Agreement) (each of (i) and (ii), an "EXCLUDED EVENT").

Appears in 1 contract

Samples: Employment Agreement (Hughes Communications, Inc.)

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