Corporations and Partnerships. If Tenant is a partnership, any withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning fifty percent (50%) or more (cumulatively) of the partnership, any assignment(s) of fifty percent (50%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. If Tenant is a corporation, any dissolution, merger, consolidation or other reorganization of Tenant, any sale or transfer (or cumulative sales or transfers) of the capital stock of Tenant in excess of fifty percent (50%), or any sale (or cumulative sales) of all of the assets of Tenant shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. Any such withdrawal or substitution of partners or assignment of any interest in or dissolution of a partnership tenant, and any such sale of stock or assets of a corporate tenant without the prior written consent of Landlord shall be a Default by Tenant hereunder. The foregoing notwithstanding, (i) the sale or transfer of any or all of the capital stock of a corporation, the capital stock of which is now or hereafter becomes publicly traded, or (ii) the sale or transfer of this Lease to Tenant's parent company or any affiliates or subsidiaries of Tenant's parent company, or (iii) the sale or transfer of this Lease to an unaffiliated entity with whom Tenant or Tenant's parent company or any affiliates or subsidiaries of Tenant's parent company have a joint development or joint venture relationship, shall not be deemed an assignment of this Lease, shall not require the prior written consent of Landlord (but written notice of such sale or transfer shall be given by Tenant to Landlord prior to or promptly following the date of such sale or transfer), shall not give Landlord a right to recapture the Premises, or portion thereof, which is the subject of such sale or transfer, and shall not entitle Landlord to any bonus rent with respect to such sale or transfer. The parent company of Tenant and any subsidiaries of the parent company of Tenant shall be deemed "Affiliates" of Tenant.
Corporations and Partnerships. Subject to Article 13h., if Lessee is a partnership, a withdrawal or substitution (whether voluntary, involuntary or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning fifty percent (50%) or more of the partnership, any assignment(s) of fifty percent (50%) or more (cumulatively) of any interest in the capital or profits of the partnership or the dissolution of the partnership shall be deemed a Transfer of this Lease. Subject to Article 13h., if Lessee is a corporation, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of fifty percent (50%) or more of the capital stock of Lessee in one (1) year or of more than fifty percent (50%) of the value of all or substantially all of the assets of Lessee shall be deemed a Transfer of this Lease. This Article 13g. shall not apply to corporations the capital stock of which is publicly traded.
Corporations and Partnerships. If Lessee is a partnership, a withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five percent (25%) or more of the partnership, any assignment(s) of twenty-five percent (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. Subject to the provisions of Article 13.a. above, if Lessee is a corporation, limited liability company or other entity, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of twenty-five percent (25%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. This subsection 13.h. shall not apply to corporations the capital stock of which is publicly traded.
Corporations and Partnerships. If You are a corporation or partnership, the act or acts of any of Your partners, shareholders, officers, directors, employees, or representatives shall be deemed to be Your acts. If You are a corporation or a partnership, unless waived by Us in writing, each and every individual who signs this AGREEMENT for You does hereby severally, individually, and jointly with You, personally guarantee the performance of all obligations hereunder.
Corporations and Partnerships. If Tenant is a partnership, any withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning fifty percent (50%) or more (cumulatively) of the partnership, any assignment(s) of fifty percent (50%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. If Tenant is a corporation, any dissolution, merger, consolidation or other reorganization of Tenant, any sale or transfer (or cumulative sales or transfers) of the capital stock of Tenant in excess of fifty percent (50%), or any sale (or cumulative sales) of all of the assets of Tenant shall be deemed an assignment of this Lease requiring the prior written consent of Landlord. Any such withdrawal or substitution of partners or assignment of any interest in or dissolution of a partnership tenant, and any such sale of stock or assets of a corporate tenant without the prior written consent of Landlord shall be a Default by Tenant hereunder. The foregoing notwithstanding, the sale or transfer of any or all of the capital stock of a corporation, the capital stock of which is now or hereafter becomes publicly traded, shall not be deemed an assignment of this Lease.
Corporations and Partnerships. When the Contractor is a corporation then for the purposes of this Agreement any act, default or misconduct by any person doing work on behalf of the corporation or partnership under any Contract of Carriage to which the corporation or partnership is party shall be deemed to be an act, default or misconduct committed by the Contractor.
Corporations and Partnerships. If Sublessee is a partnership, a withdrawal or substitution (whether voluntary, involuntary or by operation of law and whether occurring at one time or over a period of time) of any general partner(s) owning more than fifty percent (50%) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Sublease. If Sublessee is a corporation, the capital stock of which is not publicly traded, any dissolution, merger, consolidation or other reorganization of Sublessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of Sublessee in excess of fifty percent (50%), or any sale (or cumulative sales) of fifty-one percent (51%) of the value of the assets of Sublessee shall be deemed a Transfer of this Sublease. Notwithstanding the foregoing, Sublessee may, without Sublessor's prior written consent. enter into any Transfer with: (i) a subsidiary, affiliate, division or corporation controlled by or under common control with Sublessee; or (ii) a successor corporation related to Sublessee by merger, consolidation, non-bankruptcy reorganization, or government action ("Affiliate Transfers"). Upon request from Sublessee, Sublessor shall execute an acknowledgement, in form reasonably satisfactory to Sublessor, evidencing that Sublessor's consent is not required for a Transfer meeting the criteria herein set forth.
Corporations and Partnerships. Subject to Section 15.7 below, a sale by Tenant of all or substantially all of its assets shall constitute a Transfer for purposes of this Lease. Subject to Section 15.7 below, if Tenant is a corporation, then any assignment or transfer of this Lease by merger, consolidation or liquidation, or any change in ownership of or power to vote of a majority of its outstanding voting stock shall, in Landlord's reasonable discretion, constitute a Transfer for purposes of this Lease. Subject to Section 15.7 below, if Tenant is a partnership, then any change in the identity of the general partners having an aggregate interest in the partnership exceeding fifty percent (50%) shall, in Landlord's reasonable discretion, constitute a Transfer for purposes of this Lease.
Corporations and Partnerships. Where Producer is a partnership or corporation, the commissions described herein shall be payable to the corporation or partnership indicated on the last page of this Agreement or its successors or assigns. Revised 11/07 Page 1 of 4 pubs\forms\sales\producer_agree.doc
Corporations and Partnerships. If Lessee is a partnership, a withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning fifty percent (50%) or more of the partnership, any assignment(s) of fifty percent (50%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership shall be deemed a Transfer of this Lease. If Lessee is a corporation, limited liability company or other entity, any dissolution, merger, consolidation or other reorganization of Lessee, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of fifty percent (50%) or any sale (or cumulative sales) of more than fifty percent (50%) of the value of the assets of Lessee shall be deemed a Transfer of this Lease. In addition, Lessee shall promptly notify Lessor of any of the following transactions: if Lessee is a partnership, a withdrawal or substitution (whether voluntary, involuntary, or by operation of law and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five (25%) or more of the partnership, or any assignment(s) of twenty-five percent (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or if Lessee is a corporation, limited liability company or other entity, any sale or transfer (or cumulative sales or transfers) of the capital stock of or equity interests in Lessee in excess of twenty-five percent (25%) or any sale (or cumulative sales) of more than twenty-five percent (25%) of the value of the assets of Lessee. This subsection 13.h. shall not apply to corporations the capital stock of which is publicly traded.
