Common use of Deemed Assignment Clause in Contracts

Deemed Assignment. If the Lessee is a corporation (not being a company with its shares listed on any Stock Exchange in Australia) or an association, any change in the beneficial ownership of 20% or more of the voting shares in the corporation or any change in the effective control of the corporation or association, will be deemed to be an assignment of the Premises requiring the consent of Council under this Lease.

Deemed Assignment. If the Lessee is a corporation (not being a company with its shares listed on any Stock Exchange in Australia) or an association, any change in the beneficial ownership of 20% or more of the voting shares in the corporation or any change in the effective control of the corporation or association, association will be deemed to be an assignment of the Premises Lease Land requiring the consent of the Council under this Leaselease.

Deemed Assignment. If the Lessee is a corporation (not being a company with its shares listed on any Stock Exchange in Australia) or an association, any change in the beneficial ownership of twenty per centum (20% %) or more of the voting shares in the corporation or any change in the effective control of the corporation or association, association will be deemed to be an assignment of the Premises requiring the consent of Council under this Lease.

Deemed Assignment. If the Lessee is a corporation (not being a company with its shares listed on any Stock Exchange in Australia) or an association, any change in the beneficial ownership of 20% or more of the voting shares in the corporation or any change in the effective control of the corporation or association, will be deemed to be an assignment of the Premises Leased Area requiring the consent of Council under this LeaseCouncil's consent.