Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 36 or any other provision of this Lease, the Extension Option and any exercise by Tenant of the Extension Option shall be void and of no effect unless on the date Tenant notifies Landlord that it is exercising the Extension Option and on the date of commencement of the applicable Extension Term (i) this Lease is in full force and effect, (ii) no Event of Default on the part of Tenant has occurred under this Lease, and (iii) Tenant has neither assigned this Lease nor sublet any portion of the Premises except as permitted in Section 13 of this Lease.
Conditions Precedent to Exercise. Unless waived in writing by Chesapeake in Chesapeake's sole discretion, the right of Gothic to exercise the Option is subject to the satisfaction of all of the following conditions precedent:
Conditions Precedent to Exercise. Tenant shall have no exercisable right unless the Lease Agreement remains in full force and effect and Tenant is not in default, nor in breach of any material term, condition, or obligation thereunder. Tenant retains certain rights under the Lease Agreement to cure events of breach or default and may thereby and thereafter exercise its rights.
Conditions Precedent to Exercise. Notwithstanding any contrary provisions of this Section 12 or any other provision of this Lease, any Right of First Opportunity shall be void and of no effect unless on the date Tenant notifies Landlord that it is exercising the Right of First Opportunity and on the commencement date for such First Opportunity Space (i) this Lease is in full force and effect, (ii) no Event of Default on the part of Tenant has occurred and is continuing under this Lease, and (iii) Tenant shall not have assigned this Lease nor sublet any portion of the Premises to any entity or entities other than a Tenant Affiliate; provided, however, that Landlord reserves the right to waive the provisions of this Section 12.
Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 35 or any other provisions of this Lease, the Option to Buy and any exercise by Lessee of the Option to Buy shall be void and of no effect unless on the date Lessee notifies Lessor that it is exercising the Option to Buy (i) this Lease is in full force and effect and (ii) no Event of Default on the part of Lessee then exists under this Lease.
Conditions Precedent to Exercise. 6 5.2 Repurchase Terms of Price and Payment.................................6 5.3
Conditions Precedent to Exercise. The Administrator may establish conditions precedent to the exercise of this option.
Conditions Precedent to Exercise. Buyer’s right to exercise the Option granted herein shall be conditioned upon Buyer’s satisfaction of the following conditions (the “Conditions Precedent”):
a. Buyer has closed on the purchase of the Private Development Site;
b. No Event of Default (as defined in the Development Agreement) or failure to meet the Private Development Benchmarks (as defined in the Development Agreement) has occurred beyond the expiration of all applicable notice and cure periods that would trigger Seller’s repurchase rights under the Development Agreement.
Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 2.07 or any other provision of this Lease, any Right of First Opportunity and any exercise by Tenant of any Right of First Opportunity shall be void and of no effect unless on the date Tenant notifies Landlord that it is exercising the Right of First Opportunity (the “First Opportunity Exercise Date”) and on the commencement date of the lease agreement for such First Opportunity Space (the “First Opportunity Commencement Date”) (i) this Lease is in full force and effect, (ii) no Event of Default on the part of Tenant has occurred and is continuing under this Lease, (iii) Tenant shall not have sublet in the aggregate more than thirty three percent (33%) of the rentable floor area of the Premises to any entity or entities other than a Tenant Affiliate, (iv) Tenant shall not have assigned this Lease to any entity other than a Tenant Affiliate, and (v) not less than twenty-four (24) months remain in the Term of this Lease (provided, however, that if less than twenty-four (24) months remain in the Term but Tenant has available any Extension Option, Tenant may, simultaneously with giving Landlord the notice contemplated by Section 2.07(a), exercise Tenant’s next available Extension Option so as to satisfy the condition set forth in this clause (v)); provided, however, that Landlord reserves the right to waive in writing the provisions of this Section 2.07(b).” [/*/ CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Conditions Precedent to Exercise. (a) The Repurchase Right shall be exercisable by the Company only with respect to such shares that are deemed Restricted Shares in accordance with the terms of Section 4.1, and only during the sixty (60) day period immediately following the effective date of termination of the Distribution Agreement by the Company (a "REPURCHASE EVENT").
(b) If the Company elects to exercise the Repurchase Right pursuant to Section 5.1(a), the Company shall, prior to the expiration of the sixty (60) day period, notify the Purchaser in writing of the number of shares of Common Stock the Company elects to repurchase pursuant to Section 5.1(a) (the "Repurchased Shares").
