definiens: of VITAE means the occurrence of any of the following : ( i ) a sale of assets representing more than fifty percent ( 50 % ) of the net book value or fair market value of VITAE 's consolidated assets ( in a single transaction or in a series of related transactions ) other than to an AFFILIATE of VITAE ; ( ii ) a merger or consolidation of VITAE with a third party, whether or not VITAE or the THIRD PARTY is the surviving entity ; or ( iii ) an acquisition, other than in a merger or consolidation of the type referred to in clause ( ii ), of beneficial ownership of outstanding voting securities of VIT AE representing at least fifty percent ( 50 % ) of the combined voting power ofVIT AE or otherwise giving the acquirer the authority to appoint a majority of directors on VITAE 's Board, whether such acquisition is effectuated in a single transaction or series of related transactions