Common use of Corporations and Partnerships Clause in Contracts

Corporations and Partnerships. If Lessee is a partnership, a ----------------------------- withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five percent (25%) or more of the partnership, any assignment(s) of twenty-five percent (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Lessee is a corporation, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of Lessee in excess of twenty-five percent (25%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.g. shall not apply to corporations the capital stock of which is publicly traded.

Appears in 2 contracts

Samples: Office Lease (Inktomi Corp), Sublease (Inktomi Corp)

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Corporations and Partnerships. If Subject to Article 13h., if Lessee is a partnership, a ----------------------------- withdrawal or substitution (whether voluntary, involuntary, involuntary or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five fifty percent (2550%) or more of the partnership, any assignment(s) of twenty-five fifty percent (2550%) or more (cumulatively) of any interest in the capital or profits of the partnership, partnership or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Subject to Article 13h., if Lessee is a corporation, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of fifty percent (50%) or more of the capital stock of Lessee in excess of twenty-five percent one (25%1) year or any sale (or cumulative sales) of more than fifty percent (50%) of the value of all or substantially all of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.g. Article 13g. shall not apply to corporations the capital stock of which is publicly traded.

Appears in 2 contracts

Samples: Lease Agreement (Asante Solutions, Inc.), Lease Agreement (Asante Solutions, Inc.)

Corporations and Partnerships. If Lessee is a partnership, a ----------------------------- withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five percent (25%) or more of the partnership, any assignment(s) of twenty-five percent (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Lessee is a corporation, limited liability company or other entity, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of twenty-five percent (25%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.g13.h. shall not apply to corporations the capital stock of which is publicly traded.

Appears in 1 contract

Samples: Net Office Lease (Borland Software Corp)

Corporations and Partnerships. If Lessee is a partnership, a ----------------------------- withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five fifty percent (2550%) or more of the partnership, any assignment(s) of twenty-five fifty percent (2550%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Lessee is a corporation, limited liability company or other entity, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of twenty-five fifty percent (2550%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.g13.h. shall not apply to corporations the capital stock of which is publicly tradedtraded on any national exchange.

Appears in 1 contract

Samples: Net Office Lease (SourceForge, Inc)

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Corporations and Partnerships. If Lessee is a partnership, a ----------------------------- withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five percent (25%) or more of the partnership, any assignment(s) of twenty-five percent (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Lessee is a corporation, limited liability company or other entity, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of twenty-five percent (25%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.g13.h. shall not apply to corporations the capital stock of which is publicly tradedtraded or to any Permitted Transfer.

Appears in 1 contract

Samples: Net Office Lease (Pure Storage, Inc.)

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