Common use of Transfer of Control or Stock Clause in Contracts

Transfer of Control or Stock. A complete description of the ownership and Control of the Company as of the Effective Date is set forth in Appendix F to this Agreement. Notwithstanding any other provision of this Agreement, except as provided in Section 9.6 hereof, no change in Control of the Company, the Facilities or the franchise granted herein shall occur after the Effective Date, by act of the Company, by act of any Person holding Control of the Company, the Facilities or the franchise granted herein, by operation of law, or otherwise, without the prior written consent of the City granted pursuant to the procedures set forth in this Section 9. The requirements of Section 9.3 hereof shall also apply whenever any change is proposed of ten percent (10%) or more of the ownership of the Company, the Facilities, the franchise granted herein or of any Person holding Control of the Company or in the Facilities or in the franchise (but nothing herein shall be construed as suggesting that a proposed change of less than ten percent (10%) does not require consent of the City (acting pursuant to the procedures set forth in this Section 9) if it would in fact result in a change in Control of the Company, the Facilities or the franchise granted herein), and any other event which could result in a change in Control of the Company, regardless of the manner in which such Control is evidenced (e.g., stock, bonds, debt instruments or other indicia of ownership or Control).

Transfer of Control or Stock. A complete description of the ownership and Control of the Company as of the Effective Date is set forth in Appendix F G to this Agreement. Notwithstanding any other provision of this Agreement, except as provided in Section 9.6 hereofhereof or as set forth in on Appendix G, no change in Control of or any interest in the Company, the Facilities System or the franchise granted herein shall occur after the Effective Date, by act of the Company, by act of any Person holding Control of the Company, Company the Facilities System or the franchise granted herein, by operation of law, or otherwise, without the prior written consent of the City granted pursuant to the procedures set forth in this Section 9. The requirements of Section 9.3 hereof shall also apply whenever any change is proposed of ten five percent (105%) or more of the ownership or Control of the Company, the FacilitiesSystem, the franchise granted herein or of any Person holding Control of the Company or in the Facilities System or in the franchise (but nothing herein shall be construed as suggesting that a proposed change of less than ten five percent (105%) does not require consent of the City (acting pursuant to the procedures set forth in this Section 9) if it would in fact result in a change in Control of the Company, the Facilities System or the franchise granted herein), and any other event which could result in a change in ownership or Control of the Company, regardless of the manner in which such Control ownership or control is evidenced (e.g., stock, bonds, debt instruments or other indicia of ownership or Control).