Common use of Change of Shareholding Clause in Contracts

Change of Shareholding. For the purposes of this section, any change in the shareholding (including any allotment of increased capital) of the Lessee, or any holding company of the Lessee, which results in the effective control of the Lessee being changed will be treated as an assignment of this lease requiring the Lessor's prior written consent. The persons acquiring effective control of the Lessee or the Lessee's holding company (as the case requires) under that change will be treated as the assignees. This clause does not apply to a company which is listed on the New Zealand Stock Exchange.

Appears in 7 contracts

Samples: Agreement, Agreement, Agreement

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