definiens: shall mean, with resp ect to a Party, ( a ) a merger or consolidation of su ch Party with a Third Party which results in the voting securitie s of such Party outstanding immediately prior there to ceasing to represent at least fifty percent ( 50 % ) of the combi ned voting power of the surviving entity immediatel y after such merger or consolidation, or ( b ) except in the case of a bona fide equity financing in which a Par ty issues new shares of its capital stock, a transaction or s eries of related transactions in which a Third Part y, together with its Affiliates, becomes the beneficial owner of fif ty percent ( 50 % ) or more of the combined voting pow er of the outstanding securities of such Party, or ( c ) the sa le or other transfer to a Third Party of all or sub stantially all of such Party ’s assets related to the Collaboration Fi eld