Deemed Assignment. If the Lessee or any permitted sub-lease is a limited liability company that is not a public company, then any change in the legal or beneficial ownership of any of the shares in the capital of the company which results in the change in the effective management or control of the company shall be deemed to be an assignment of this Lease and shall be deemed to be an assignment of this Lease and shall be subject to the provisions of this clause.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement