Change in Shareholding. If the Tenant is a corporation (other than a corporation listed on any stock exchange in Australia) a change in the control of the corporation as existed at the Commencement Date (whether occurring at the one time or through a series or succession of issues or transfers) or a change in the holding of more than one-half of the issued share capital, either beneficially or otherwise, will be deemed to be an assignment of this Lease and the Tenant must seek the Council's prior written consent (which may be given or withheld in Council's absolute discretion).
Appears in 2 contracts
Sources: Community Services Land and Buildings Lease, Community Services Land and Buildings Lease