Entity Transfers. The cumulative (i.e. in one or more sales or transfers, by operation of law or otherwise) transfer of an aggregate of 50% or more of the ownership interests, including by creation or issuance of new ownership interests, in an entity which is (i) Tenant, (ii) an assignee of Tenant, or (iii) any entity which is a general partner in a general or limited partnership which is Tenant or assignee of this Lease; (except as the result of transfers by gift or inheritance), shall be deemed a transfer of this Lease and shall be subject to the provisions of Section 10.01. For the purpose of this Article Ten, any entity which has undergone any of the changes described in this Section 10.03 shall be deemed to be a Transferee. The two immediately preceding sentences, however, shall not be applicable to any tenant corporation the outstanding voting stock of which is listed on a national securities exchange actively traded "over the counter."
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Sources: Industrial Real Estate Lease (Seamed Corp), Industrial Real Estate Lease (Seamed Corp)