Reorganization of Tenant. If Tenant is a corporation, the following shall be deemed an assignment of Tenant’s interest in this Lease governed by the provisions of this Paragraph 21: (i) any dissolution, merger, consolidation, or other reorganization of or affecting Tenant or (ii) 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.
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Sources: Lease Agreement (Circle Bancorp)
Reorganization of Tenant. If Tenant is a corporation, the following shall be deemed an assignment of Tenant’s 's interest in this Lease governed by the provisions of this Paragraph 21Article 16: (iI) any dissolution, merger, consolidation, or other reorganization of or affecting Tenant, whether or not Tenant is the surviving corporation, or (ii) 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 's capital stock issued, outstanding and entitled to vote for the election of directors.
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