Common use of Corporate Ownership Clause in Contracts

Corporate Ownership. If the Tenant herein is a corporation and if, by sale or other disposition, the control thereof changes at any time during the Term hereof, then, at the option of the Landlord, this Lease may be cancelled by the Landlord upon giving sixty (60) days prior written notice of its intention so to do. Written notice of any such intended sale must be given to Landlord at least twenty (20) days prior to the effective date thereof.