Common use of Deemed Transfers Clause in Contracts

Deemed Transfers. If Tenant is a privately held corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate from the date of execution of this Lease in excess of fifty percent (50%) shall be deemed an assignment or transfer within the EXHIBIT 10.1 meaning and provisions of this section. However, nothing in this section shall prohibit Tenant from assigning this Lease or subletting the Premises or any part thereof to wholly owned subsidiaries or affiliates of Tenant, provided Tenant gives Landlord at least thirty (30) days prior written notice of any such subletting or assignment; and such subletting or assignment shall not release or discharge Tenant from any liability under this Lease.

Deemed Transfers. If Tenant is a privately held corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate from the date of execution of this Lease in excess of fifty percent (50%) shall be deemed an assignment or transfer within the 20 EXHIBIT 10.1 meaning and provisions of this section. However, nothing in this section shall prohibit Tenant from assigning this Lease or subletting the Premises or any part thereof to wholly owned subsidiaries or affiliates of Tenant, provided Tenant gives Landlord at least thirty (30) days prior written notice of any such subletting or assignment; and such subletting or assignment shall not release or discharge Tenant from any liability under this Lease.. 16.11

Deemed Transfers. If Tenant is a privately held corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate from the date of execution of this Lease Date in excess of fifty percent (50%) shall be deemed an assignment or transfer within the EXHIBIT 10.1 meaning and provisions of this section. However, nothing in this section shall prohibit Tenant from assigning this Lease or subletting the Premises or any part thereof to wholly owned subsidiaries any corporation which controls Tenant, is controlled by Tenant, or affiliates of is under common control with Tenant, provided Tenant gives Landlord at least thirty (30) days prior written notice of any such subletting or assignment; assignment and such subletting or assignment shall not release or discharge Tenant from any liability under this Lease.

Deemed Transfers. If Tenant is a privately held corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate from the date of execution of this Lease Date in excess of fifty percent (50%) shall be deemed an assignment or transfer within the EXHIBIT 10.1 meaning and provisions of this section. However, nothing in this section shall prohibit Tenant from assigning this Lease or subletting the Premises or any part thereof to wholly owned subsidiaries any corporation which controls Tenant is controlled by Tenant or affiliates of Tenant, is under common control with Tenant provided Tenant gives Landlord at least Least thirty (30) days prior written notice of any such subletting or assignment; assignment and such subletting or assignment shall not release or discharge Tenant from any liability under this Lease.

Deemed Transfers. If Tenant is a privately held corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate from the date of execution of this Lease Date in excess of fifty percent (50%) shall be deemed an assignment or transfer within the EXHIBIT 10.1 meaning and provisions of this section. However, nothing in this section shall prohibit Tenant from assigning this Lease or subletting the Premises or any part thereof to wholly owned subsidiaries any corporation which controls Tenant. is controlled by Tenant, or affiliates of is under common control with Tenant, provided Tenant gives Landlord at least thirty (30) days prior written notice of any such subletting or assignment; and such subletting or assignment shall not release or discharge Tenant from any liability under this Lease.