Common use of Change of Control Date Clause in Contracts

Change of Control Date. Change of Control Date" means the earlier of: (a) the Distribution Date (defined in the Master Separation Agreement as the date the Distribution is effective), or (b) the first date on which Southern ceases to control at least 33 1/3% of the common stock of Southern Energy then outstanding.

Appears in 2 contracts

Sources: Master Separation and Distribution Agreement (Savannah Electric & Power Co), Master Separation and Distribution Agreement (Southern Energy Inc)

Change of Control Date. Change of Control Date" means the earlier of: (a) the Distribution Date (defined in the Master Separation Agreement as the date the Distribution is effective)Date, or (b) the first date on which Southern ceases to control at least 33 1/3% of the common stock of Southern Energy then outstanding.

Appears in 1 contract

Sources: Technology and Intellectual Property Ownership and License Agreement (Southern Energy Inc)