definiens: shall mean the Transfer to [COMPANY] and/or its Affiliates, inone or more transactions, of a Majority in Interest of the Class B Units, which, for the avoidance of doubt, shallinclude ( a ) any transaction or series of related transactions ( including mergers, consolidations and other forms ofbusiness consolidations ) following which [COMPANY] and/or its Affiliates own at least 50 % of the outstanding equitysecurities of Theravance Biopharma, the entity surviving such transaction or any direct or indirect parent entity ofsuch continuing or surviving entity at a time when Theravance Biopharma or such entity surviving such transaction orany such direct or indirect parent entity of such continuing or surviving entity or any of its subsidiaries holds aMajority in Interest of the Class B Units ; or ( b ) the sale, lease, license, transfer or disposal of all or substantially all ofthe business or assets of Theravance Biopharma to [COMPANY] and/or its Affiliates provided that following such transactionGSK and/or its Affiliates hold a Majority in Interest of the Class B Units