CORPORATION OR PARTNERSHIP Sample Clauses

CORPORATION OR PARTNERSHIP. If the Employer be or should become a corporation, this agreement affects all the workers in the Employer’s business whether such workers be stockholders or not, and all such workers are included in the term “ employee” as used in this agreement. Whether the Employer be an individual, or partnership, or a corporation, no one, however, con­ nected with the Employer, shall be permitted to work more than the weekly number of hours provided for the members of the Union. Whether the Employer be a corporation or partnership, only one per­ son having an ownership interest in the company shall be permitted to work in the manufacturing department of the Employer’s business, and such person must be designated by the Employer at the signing of the contract. Working foremen shall not be permitted to do manual work for longer hours of labor than those provided for employees work­ ing under their supervision. All employees shall be Union members regardless of whether they are blood relations of the Employer, and in the case of the Employer being a corporation, whether such employees are blood relations of any officer or officers of the Corporation.

CORPORATION OR PARTNERSHIP. 18.3.1. If Licensee is a corporation, this Master License Agreement is to the corporation as it currently exists. Any dissolution, merger, consolidation, or other reorganization of Licensee, or the sale or other transfer of stock ownership of the corporation, voluntary, involuntary, or by operation of law, greater than ten percent (10%) shall be deemed a voluntary assignment of this Master License Agreement and, therefore, subject to the provisions of 21 of 33 this Master License Agreement as to voluntary assignment thereof, including that provision requiring Licensor's prior written consent. This paragraph shall not apply to corporations the stock of which is traded through an exchange. 18.3.2. If Licensee is a partnership, this Master License Agreement is to the partnership as it currently exists. A withdrawal or change, voluntary, involuntary, or by operation of law, of any partner, or the dissolution of the partnership shall be deemed a request to assign this Master License Agreement and, therefore, subject to the ! provisions of this Master License Agreement as to voluntary assignment thereof.

CORPORATION OR PARTNERSHIP. 18.3.1. If Licensee is a corporation, this Master License Agreement is to the corporation as it currently exists. Any dissolution, merger, consolidation, or other reorganization of Licensee, or the sale or other transfer of stock ownership of the corporation, voluntary, involuntary, or by operation of law, greater than ten percent (10%) shall be deemed a voluntary assignment of this Master License Agreement and, therefore, subject to the provisions of 21 of 33 this Master License Agreement as to voluntary assignment thereof, including that provision requiring Licensor's prior written consent. This paragraph shall not apply to corporations the stock of which is traded through an exchange. 18.3.2. If Licensee is a partnership, this Master License Agreement is to the partnership as it currently exists. A withdrawal or change, voluntary, involuntary, or by operation of law, of any partner, or the dissolution of the partnership shall be deemed a request to assign this Master License Agreement and, therefore, subject to the provisions of this Master License Agreement as to voluntary assignment thereof. 18.4. Each request for consent to an assignment shall be in writing, accompanied by the following: 18.4.1. A copy of the purchase/sale agreement, which shall include a detailed list of the assets that comprises the sales price. 18.4.2. A copy of the escrow instructions pertaining to the transaction. 18.4.3. Information relevant to Licensor's determination as to the financial and operational responsibility and appropriateness of the proposed assignee, including but not limited to the intended use and/or required modification of the Sites, if any, together with a non- refundable administrative fee of One Thousand Five Hundred Dollars ($1,500) as consideration for Licensor's considering and processing said request. This amount may be periodically adjusted to reflect an actual change in costs incurred by Licensor with the preparation and engineering and technical analysis for the Site. 18.4.4. Licensee agrees to provide Licensor with such other or additional information and/or documentation as may be reasonably requested. 18.5. In the case of an assignment, Licensee shall pay to Licensor within 30 days of receipt of payment, any monetary or other economic consideration received by Licensee that is attributed to the license. Said amount shall be over and above the amount of Licensee's rental and other payments due the Licensor pursuant to this Master License Agreement....

CORPORATION OR PARTNERSHIP. 24 10.06 MISCELLANEOUS.................................... 25 ARTICLE XI DESTRUCTION...................................... 26 11.01 TOTAL OR PARTIAL DESTRUCTION..................... 26

CORPORATION OR PARTNERSHIP. A. If Lessee is a corporation, this lease is to the corporation as it currently exists. Any dissolution, merger, consolidation, or other reorganization of Lessee, or the sale or other transfer of stock ownership or voting control of the corporation, voluntary, involuntary, or by operation of law, greater than ten percent (10%) shall be deemed a voluntary assignment of this lease and therefore subject to the provisions of this lease as to voluntary assignment thereof, including that provision requiring ▇▇▇▇▇▇'s prior written consent. This paragraph shall not apply to corporations the stock of which is traded through an exchange. B. If Lessee is a partnership, this lease is to the partnership as it currently exists. A withdrawal or change, voluntary, involuntary, or by operation of law, of any partner, or the dissolution of the partnership shall be deemed a request to assign this lease and therefore subject to the provisions of this lease as to voluntary assignment thereof.

CORPORATION OR PARTNERSHIP. If Tenant shall be a corporation or partnership, any transfer of voting stock or partnership interest resulting in the person(s) who, on the date of this Lease shall have owned a majority of such corporation's shares of voting stock or the general partners' interest in such partnership, as the case may be, ceasing to own a majority of such shares of voting stock or general partners' interest, as the case may be (except as the result of transfers by inheritance) shall be deemed to be an assignment of this Lease as to which Landlord's consent shall have been required, and in any such event Tenant shall so notify Landlord, except that this provision shall not be applicable to any corporation all the outstanding voting stock of which is listed on a national securities exchange (as defined in the Securities Exchange Act of 1934, as amended). For the purposes of this Section, the term "voting stock" shall refer to shares of stock regularly entitled to vote for the election of directors of the corporation. Notwithstanding the foregoing, Tenant may without Landlord's consent, assign this Lease or sublet the entire Demised Premises to any corporation which is a subsidiary or parent of Tenant or under common control with Tenant or to any corporation with which Tenant or its parent may be merged or consolidated or which purchases all or substantially all of the assets of Tenant or those of its parent, provided (i) the business, name and operation being conducted in the Demised Premises as well as the type and quality of merchandise in the Demised Premises shall remain unaffected and in the case of an assignment hereunder or a sale of all or substantially all of the assets of Tenant or those of its parent (ii) the transferee's net worth equals or exceeds the greater of (a) Tenant's net worth as of the date hereof and (b) Tenant's net worth on the date immediately preceding the date of the proposed sale or transfer, and (iii) the Guarantor, if any, shall affirm and ratify its guaranty in all respects.