Common use of Corporate Transfer Clause in Contracts

Corporate Transfer. Any transfer of this Lease by merger, consolidation or liquidation, or any change in the ownership of or power to vote the majority of Tenant's outstanding voting stock, shall constitute an assignment whether the result of a single or series of transactions. Unless Tenant's stock is listed on a recognized security exchange or if less than eighty percent (80%) of its stock is owned by a corporation whose stock is listed on a recognized security exchange, an assignment forbidden under this Lease shall include one or more sales or transfers, by operation of law or otherwise, or creation of new stock, by which an aggregate of more than fifty percent (50%) of Tenant's stock shall be vested in a party or parties who are non-stockholders as of the Commencement Date of this Lease.

Corporate Transfer. Any transfer of this Lease by Tenant through merger, consolidation or liquidation, or any change in the ownership of or power to vote the majority of Tenant's its outstanding voting stock, shall constitute an assignment whether and is subject to the result of a single or series of transactionsprovisions contained herein relative to assignment. Unless Tenant's stock is listed on a recognized security exchange or if less than eighty percent (80%) of its stock is owned by a corporation whose stock is listed on a recognized security exchange, an assignment forbidden under this Lease shall include one or more sales or transfers, by operation of law or otherwise, or creation of new stock, by which an aggregate of more than fifty percent (50%) of Tenant's stock shall be vested in a party or parties who are non-stockholders as of the Commencement Date of this Lease.. EXHIBIT 10.5 - continued