Common use of Deemed Transfer Clause in Contracts

Deemed Transfer. If Tenant is a nonpublicly traded corporation, or an unincorporated association or partnership, any direct or indirect cumulative transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of thirty percent (30%) of the beneficial ownership thereof (or, in the case of a partnership, of the beneficial ownership thereof or of the general partner interest thereof) shall be deemed a Transfer within the meaning and provisions of this Section 14 and subject to its provisions.

Deemed Transfer. If the Tenant is a nonpublicly traded --------------- corporation, or an unincorporated association or partnership, any direct or indirect Indirect cumulative transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of thirty percent (30%) of the beneficial ownership thereof hereof (or, . in the case of a partnership, of or the beneficial ownership thereof or of the general partner interest thereof) shall be deemed a Transfer within the meaning and provisions of or this Section 14 and subject to its provisionsthe provisions hereof.