Transfer of Interests in Lessee Sample Clauses

Transfer of Interests in Lessee. (1) Except to the extent specifically permitted in Paragraph l7.G. hereof, if Lessee is a partnership, corporation, limited liability company, or any other legal entity, then the sale or transfer of any interest in said partnership, corporation, limited liability company, or other legal entity comprising Lessee, including without limitation the sale or transfer of any partnership interests (general or limited), shares, stock, or membership, shall not occur without the prior written approval by Lessor, which approval shall not be unreasonably withheld or delayed provided that the transfer does not amount to an avoidance of the Lessee’s obligation under Paragraph 17.F. above or an avoidance of any of the Lessee’s other obligations under this Lease. The sale or transfer of said interests shall be deemed to be a sale of the Improvements under the provisions of Paragraph 17.F. above and Lessor shall be entitled to receive Additional Rent proportionate to the amount it would have received if the entire partnership, corporation, limited liability company or other legal entity had sold the Improvements. Lessee shall provide to Lessor a copy of the name and address and percentage of interest held by each partner, member, stock holder, or other interest owner in Lessee to reflect a change in the composition of the Lessee.
AutoNDA by SimpleDocs

Related to Transfer of Interests in Lessee

  • Transfer of Membership Your Membership applies solely to you and may not be sold, transferred to, or used by, any other person.

Time is Money Join Law Insider Premium to draft better contracts faster.