Common use of TENANT TRANSFER OF LEASE Clause in Contracts

TENANT TRANSFER OF LEASE. Except as to assignments, subleases or other transfers not requiring Landlord's consent as set forth above, if a Tenant is a corporation, partnership, or any other entity, any transfer of this Lease by merger, consolidation or liquidation, or any change in the ownership of or power to vote a majority of its outstanding voting stock, partnership interests, or other ownership interests, shall constitute an assignment for the purpose of this Section, except this provision shall not apply to publicly traded stock. If Tenant is a partnership, conversion of Tenant to a limited liability company or partnership or to a corporation (or to another entity by which the parties in Tenant would be relieved of liability to any creditors of Tenant) shall constitute an assignment for purposes of this Section. An assignment or sublease to an affiliate or subsidiary of tenant shall not constitute a transfer.

TENANT TRANSFER OF LEASE. Except as to assignments, subleases or other transfers not requiring Landlord's consent as set forth above, if a Tenant is a corporation, partnership, or any other entity, any transfer of this Lease by merger, consolidation or liquidation, or any change in the ownership of or power to vote a majority of its outstanding voting stock, partnership interests, or other ownership interests, shall constitute an .an assignment for the purpose of this Section, except this provision shall not apply to publicly traded stock. If Tenant is a partnership, conversion of Tenant to a limited liability company or partnership or to a corporation (or to another entity by which the parties in Tenant would be relieved of liability to any creditors of Tenant) shall constitute an assignment for purposes of this Section. An assignment or sublease to an affiliate or subsidiary of tenant shall not constitute a transfer.