Common use of Deemed Assignment Clause in Contracts

Deemed Assignment. If the Lessee is a company, a corporation or a partnership, any change in the effective control thereof is deemed to be an assignment of the Lease and the Lessee and the assignee shall comply with the present Section 16.

Appears in 6 contracts

Sources: Lease Agreement (Gsi Technologies Usa Inc /De), Lease Agreement (Isee3d Inc /Fi), Lease Agreement (Sword Comp Soft Corp)