definiens: means each and all of the following occurrences after the date hereof : ( i ) the consummationof a merger or consolidation of LICENSEE with any other corporation, other than a merger or consolidation whichwould result in the voting securities of LICENSEE outstanding immediately prior thereto continuing to represent ( eitherby remaining outstanding or by being converted into voting securities of the surviving entity or its parent company)more than fifty percent ( 50 % ) of the total voting power represented by the voting securities of LICENSEE or suchsurviving entity, or its parent company, outstanding immediately after such merger or consolidation, or ( ii ) theconsummation of a sale or disposition by LICENSEE of all or substantially all LICENSEE ’s assets, or ( iii ) theacquisition by any person directly or indirectly, of securities of the LICENSEE representing fifty percent ( 50 % ) or moreof the total voting power represented by LICENSEE ’ s then outstanding voting securities