Common use of Approval Right Clause in Contracts

Approval Right. Notwithstanding any other -------------- provision of this Agreement to the contrary, until April 15, 2001, the Company (including any successor to the Company's business) may not Transfer any significant portion of its assets to, or merge with or into, AutoZone, Inc. or any Affiliate thereof and FS Stockholder, including any Permitted Transferee, assignee or designee of FS Stockholder and Sears Stockholder, may not directly or indirectly transfer any interest in or control over any Voting Securities to AutoZone, Inc., or any Affiliate thereof, without the prior written approval of ▇▇. ▇▇▇▇▇▇▇.

Appears in 2 contracts

Sources: Stockholders Agreement (Advance Auto Parts Inc), Stockholders Agreement (Advance Stores Co Inc)

Approval Right. Notwithstanding any other -------------- provision of this -------------- Agreement to the contrary, until April 15, 2001the third anniversary of this Agreement, the Company (including any successor to the Company's business) may not Transfer any significant portion of its assets to, or merge with or into, AutoZone, Inc. or any Affiliate thereof and FS Stockholder, including any Permitted Transferee, assignee or designee of FS Stockholder and Sears Stockholder, may not directly or indirectly transfer any interest in or control over any Voting Securities to AutoZone, Inc., or any Affiliate thereof, without the prior written approval of ▇▇. ▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Stockholders Agreement (Laralev Inc)