Common use of Transfer of Ownership Interest Clause in Contracts

Transfer of Ownership Interest. If Tenant is a business entity, any direct or indirect transfer of 50 percent or more of the ownership interest of the entity (whether all at one time or over the term of the Lease) shall be deemed a Transfer.

Appears in 4 contracts

Sources: Building Lease (Reply! Inc), Building Lease (Mirion Technologies, Inc.), Sublease Agreement (Finet Com Inc)

Transfer of Ownership Interest. If Tenant is a business entity, ------------------------------ any direct or indirect transfer of 50 more than fifty percent (50%) or more of the ownership Ownership interest of the entity (whether all at one time or over the term of the Lease) shall be deemed a Transfer.

Appears in 1 contract

Sources: Lease Agreement (United Panam Financial Corp)

Transfer of Ownership Interest. If Tenant is a business entity, any direct or indirect transfer of 50 percent (50%) or more of the ownership interest of the entity (whether all at one time or over the term of the Lease) shall be deemed a Transfer.

Appears in 1 contract

Sources: Building Lease (SteadyMed Ltd.)