Transfer is Assignment. If Tenant is a corporation which under the then current guidelines published by the Commissioner of Corporations of the State of California is not deemed a public corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of fifty percent (50%) shall be deemed an Assignment hereunder.
Appears in 3 contracts
Sources: Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp)
Transfer is Assignment. If Tenant is a corporation which under the then current guidelines published by the Commissioner of Corporations of the State of California is not deemed a public corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of fifty twenty-five percent (5025%) shall be deemed an Assignment hereunder.
Appears in 1 contract
Sources: Office Lease (Genius Products Inc)
Transfer is Assignment. If Tenant is a corporation which under the ---------------------- then current guidelines published by the Commissioner of Corporations of the State of California is not deemed a public corporation, or is an unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or ownership interest in such corporation, association or partnership in the aggregate in excess of fifty twenty-five percent (5025%) shall be deemed an Assignment hereunder.
Appears in 1 contract
Sources: Lease (Global Crossing LTD)