Dissolution of Debtor. The merger, dissolution, liquidation, consolidation or transfer of a controlling interest in Debtor, or any legal entity holding, directly or indirectly, a controlling interest in the Debtor. The term “controlling interest” shall mean any partnership, membership, shareholder, joint venture interest, or other form of ownership interest representing at least fifty-one (51%) of the voting power in the Debtor.
Appears in 2 contracts
Sources: Loan Agreement (Project Clean, Inc.), Loan Agreement (Project Clean, Inc.)