Common use of Control of Corporation Clause in Contracts

Control of Corporation. If the Tenant is a corporation, other than a corporation the shares of which are listed on any recognized stock exchange, effective control of the corporation shall not be changed directly or indirectly by a sale, encumbrance or other disposition of shares or otherwise howsoever without first obtaining the written consent of the Landlord; provided that the Landlord's consent shall not be required for any sale or other disposition of shares by present shareholders to and between themselves or in the event of any transmission of shares on death and provided further that the Landlord's consent shall not be unreasonably withheld where control of the Tenant is to pass to a subsidiary or parent of the Tenant.

Control of Corporation. If the Tenant is a corporation, other than a corporation of which the shares of which are listed on any recognized stock exchange, effective control of the corporation shall not be changed directly or indirectly by a sale, encumbrance or other disposition of shares shares, whether by operation of law or otherwise howsoever howsoever, without first obtaining the written consent of the Landlord; provided that , failing which the Landlord's Landlord may terminate this Lease upon giving the Tenant sixty (60) days written notice of its intention to do so, unless within the stipulated period the Tenant obtains the written consent shall not be required for any sale or other disposition of shares by present shareholders the Landlord to and between themselves or the change in the event of any transmission of shares on death and provided further that the Landlord's consent shall not be unreasonably withheld where control of the Tenant is to pass to a subsidiary or parent of the TenantCorporation.

Control of Corporation. If the Tenant is a corporation, other than a corporation the shares of which are listed on any recognized stock exchange, effective shareholder control of the corporation or of its ultimate parent company (or of any parent company, if more than one, or of any intermediate company between the ultimate parent company and the Tenant) shall not be changed directly or indirectly by a sale, encumbrance or other disposition of shares or otherwise howsoever without first obtaining the written consent of the Landlord; provided that the Landlord's consent shall not be required for any sale or other disposition of shares by present shareholders to and between themselves or in the event of any transmission of shares on death and provided further that the Landlord's , which consent shall not be unreasonably withheld where control of the Tenant is to pass to a subsidiary or parent of the Tenantwithheld.

Control of Corporation. If the Tenant is a corporation, other than a corporation the shares of which are listed on any recognized stock exchange, effective control of the corporation shall not be changed directly or indirectly by a sale, encumbrance or other disposition of shares or otherwise howsoever without first obtaining the written consent of the Landlord; provided that the Landlord's ’s consent shall not be required for any sale or other disposition of shares by present shareholders to and between themselves or in the event of any transmission of shares on death and provided further that the Landlord's ’s consent shall not be unreasonably withheld where control of the Tenant is to pass to a subsidiary or parent of the Tenant.