Common use of Public Corporations Clause in Contracts

Public Corporations. A Transfer that occurs as the result of a change in control of a Tenant will not require the consent of Landlord if the shares are listed and traded on any recognized stock exchange in Canada or the United States.

Public Corporations. ‌ A Transfer that occurs as the result of a change in control by a sale of a shares of the Tenant will not require the consent of Landlord if the shares are listed and traded on any recognized stock exchange in Canada or the United States.