Document ID: 15362

Text:
Change of Control means any of (a) the acquisition by any person or group (as such terms are used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934 , as amended) (other than the Permitted Holders) at any time of beneficial ownership of 50% or more of the outstanding Ownership Interests of Turning Point on a fullydiluted basis, (b) Standard General shall fail to own more than 50% of the Ownership Interests of Turning Point, provided, that, if Standard General transfers its Ownership Interests of Turning Point to SDOI, a Change of Control shall not be deemed to occur unless (i) SDOI shall fail to own more than 50% of the Ownership Interests of Turning Point or (ii) Standard General shall fail to own more than 50% of the Ownership Interests of SDOI, (c) Turning Point shall fail to own 100% of the Ownership Interests of NATC Holding, (d) NATC Holding shall fail to own 100% of the Ownership Interests of NATC, (e) the failure of individuals who are members of the board of directors (or similar governing body) of Turning Point on the Closing Date (together with any new or replacement directors whose initial nomination for election was approved by a majority of the directors who were either directors on the Closing Date or previously so approved) to constitute a majority of the board of directors (or similar governing body) of Turning Point, or (f) any Change of Control (or words of like import), as defined in any agreement or indenture relating to any issue of material Indebtedness (including the Second Lien Loan Agreement) of any Loan Party shall occur.

Named Entities:
23
32
Regulation
35
39
Act
58
59
Percentage
86
87
Percentage
134
135
Percentage
155
156
Percentage
173
174
Percentage
192
193
Percentage
315
318
Title

Tokenized Text:
Change
of
Control
means
any
of
(
a
)
the
acquisition
by
any
person
or
group
(
as
such
terms
are
used
in
sections
13
(
d
)
and
14
(
d
)
of
the
Securities
Exchange
Act
of
1934
,
as
amended
)
(
other
than
the
Permitted
Holders
)
at
any
time
of
beneficial
ownership
of
50
%
or
more
of
the
outstanding
Ownership
Interests
of
Turning
Point
on
a
fullydiluted
basis
,
(
b
)
Standard
General
shall
fail
to
own
more
than
50
%
of
the
Ownership
Interests
of
Turning
Point
,
provided
,
that
,
if
Standard
General
transfers
its
Ownership
Interests
of
Turning
Point
to
SDOI
,
a
Change
of
Control
shall
not
be
deemed
to
occur
unless
(
i
)
SDOI
shall
fail
to
own
more
than
50
%
of
the
Ownership
Interests
of
Turning
Point
or
(
ii
)
Standard
General
shall
fail
to
own
more
than
50
%
of
the
Ownership
Interests
of
SDOI
,
(
c
)
Turning
Point
shall
fail
to
own
100
%
of
the
Ownership
Interests
of
NATC
Holding
,
(
d
)
NATC
Holding
shall
fail
to
own
100
%
of
the
Ownership
Interests
of
NATC
,
(
e
)
the
failure
of
individuals
who
are
members
of
the
board
of
directors
(
or
similar
governing
body
)
of
Turning
Point
on
the
Closing
Date
(
together
with
any
new
or
replacement
directors
whose
initial
nomination
for
election
was
approved
by
a
majority
of
the
directors
who
were
either
directors
on
the
Closing
Date
or
previously
so
approved
)
to
constitute
a
majority
of
the
board
of
directors
(
or
similar
governing
body
)
of
Turning
Point
,
or
(
f
)
any
Change
of
Control
(
or
words
of
like
import
)
,
as
defined
in
any
agreement
or
indenture
relating
to
any
issue
of
material
Indebtedness
(
including
the
Second
Lien
Loan
Agreement
)
of
any
Loan
Party
shall
occur
.