Common use of Change of Control of Tenant Clause in Contracts

Change of Control of Tenant. If the Tenant is a private corporation, any transfer, creation, issuance, sale, assignment, bequest, inheritance, trust, or other disposition or dealing with the shares or voting rights or amalgamation or other reorganization that results in a change in the control of the corporation by reason of ownership of greater than 50% of the voting shares of the corporation being held by a person or group of persons will be deemed for the purposes hereof to be a Transfer. This section 14.2 will not apply with respect to the change of control of a corporation whose shares are listed on a recognized security exchange.

Change of Control of Tenant. If the Tenant is a private corporation, any transfer, creation, issuance, sale, assignment, bequest, inheritance, trust, or other disposition or dealing with the shares or voting rights or amalgamation or other reorganization that results in a change in the control of the corporation by reason of ownership of greater than 50% of the voting shares of the corporation being held by a person or group of persons will be deemed for the purposes hereof to be a Transfer. This section 14.2 13.2 will not apply with respect to the change of control of a corporation whose shares are listed on a recognized security exchange.

Change of Control of Tenant. If the Tenant is a private corporation, any transfer, creation, issuance, sale, assignment, bequest, inheritance, trust, trust or other disposition or dealing with the shares or voting rights or amalgamation or other reorganization that which results in a change in the control of the corporation by reason of ownership of greater than 50% of the voting shares of the corporation being held by a person or group of persons will be deemed for the purposes hereof to be a Transfer. This section 14.2 Section 13.2 will not apply with respect to the change of control of a corporation whose shares are listed on a recognized security exchange.