Common use of Change in Control of Tenant Clause in Contracts

Change in Control of Tenant. If the Tenant is a private corporation and if by the sale or other disposition of its shares or securities the control or the beneficial ownership of such corporation is changed at any time during the Term of this Lease, such change shall be deemed to be an assignment of the Lease within the meaning of Section 8.02. If such control or beneficial ownership is changed without the prior written consent of the Landlord, the Landlord may, at its option, treat such change as an event of default and, without limiting the Landlord's other remedies, the Landlord may terminate this Lease upon 60 days notice to the Tenant.