Reorganization of Tenant. If Tenant is a corporation, the following shall be deemed a voluntary assignment of Tenant's interest in this Lease: (i) any dissolution, merger, consolidation, or other reorganization of or affecting Tenant, whether or not Tenant is the surviving corporation, and (ii) if the capital stock of Tenant is not publicly traded, the sale or transfer to one person or entity (or to any group of related persons or entities) stock possessing more than 50% of the total combined voting power of all classes of Tenant's capital stock issued, outstanding and entitled to vote for the election of directors.
Appears in 1 contract
Sources: Lease Agreement (Network Equipment Technologies Inc)
Reorganization of Tenant. If Tenant is a corporation, the following shall be deemed a voluntary an assignment of Tenant's interest in this LeaseLease governed by the provisions of this Section 17: (i) any dissolution, merger, consolidation, or other reorganization of or affecting Tenant, whether or not Tenant is the surviving corporation, and or (ii) if the capital stock of Tenant is not publicly traded, the sale or transfer to one other person or entity (or to any group of related persons or entities) stock possessing more than 50% of the total combined voting power of all classes of Tenant's capital stock issued, outstanding and entitled to vote for the election of directors.
Appears in 1 contract