Common use of Conditions Precedent to Exercise Clause in Contracts

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.

Appears in 2 contracts

Samples: Commercial Lease (Karyopharm Therapeutics Inc.), Commercial Lease (Karyopharm Therapeutics Inc.)

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Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 36 34 or any other provision provisions of this Lease, the Extension Option and any exercise by Tenant Lessee of the Extension Option shall be void and of no effect unless on the date Tenant Lessee notifies Landlord Lessor 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 Lessee then exists under this Lease, and (iii) Tenant Lessee has neither assigned this Lease nor sublet any portion of the Premises except as permitted in accordance with the provisions of Section 13 of this Lease13.

Appears in 1 contract

Samples: Abiomed Inc

Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 36 34 or any other provision provisions of this Lease, the Extension Option and any exercise by Tenant Lessee of the Extension Option shall be void and of no effect unless on the date Tenant Lessee notifies Landlord Lessor 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 Lessee then exists under this Lease, and (iii) Tenant Lessee has neither assigned this Lease nor sublet any portion of the Premises except as permitted in accordance with the provisions of Section 13 of this Lease13.

Appears in 1 contract

Samples: Lease (Abiomed Inc)

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Conditions Precedent to Exercise. Notwithstanding any contrary provision of this Section 36 34 or any other provision provisions of this Lease, the Extension Option Options and any exercise by Tenant Lessee of the Extension Option Options shall be void and of no effect unless on the each date Tenant Lessee notifies Landlord Lessor that it is exercising the an Extension Option and on the date of commencement of the applicable Extension Extended Term (i) this Lease is in full force and effect, (ii) no Event of Default on the part of Tenant has occurred Lessee then exists under this Lease, and (iii) Tenant Lessee has neither assigned this Lease nor sublet any portion of the Premises except as permitted in accordance with the provisions of Section 13 of this Lease13.

Appears in 1 contract

Samples: Lease (Abiomed Inc)

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