Common use of Corporate or Partnership Transfers Clause in Contracts

Corporate or Partnership Transfers. Any sale or other transfer, including without limitation by consolidation, merger or reorganization, of a majority of the voting stock of Tenant or any beneficial interest therein, if Tenant is a corporation, or any sale or other transfer of a majority of the partnership interests in Tenant or any beneficial interest therein, if Tenant is a partnership, shall be an Assignment for purposes of this Lease. The provisions of this Section 16.7 shall not apply at any time when the stock of Tenant is traded on a national exchange.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Thoratec Corp)

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Corporate or Partnership Transfers. Any sale or other transfer, including without limitation by consolidation, merger or reorganization, of a majority of the voting stock of Tenant or any beneficial interest therein, if Tenant is a corporation, or any sale or other transfer of a majority of the general partnership or membership interests in Tenant or any beneficial interest therein, if Tenant is a partnershippartnership or limited liability company, shall be an Assignment for purposes of this Lease. The provisions of this Section 16.7 17.5 shall not apply at any time when the stock of Tenant is traded on a national exchange.

Appears in 1 contract

Samples: Agreement of Lease (Kid Brands, Inc)

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Corporate or Partnership Transfers. Any sale or other transfer, including without limitation by consolidation, merger or reorganization, of a majority of the voting stock of Tenant or any beneficial interest therein, if Tenant is a corporation, or any sale or other transfer of a majority of the general partnership or membership interests in Tenant or any beneficial interest therein, if Tenant is a partnershippartnership or limited liability company, shall be an Assignment for purposes of this Lease. The provisions of this Section 16.7 15.4 shall not apply at any time when the stock of Tenant is traded on a national exchange.

Appears in 1 contract

Samples: Agreement of Lease (Sonicwall Inc)

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