Common use of Effect of Default on Options Clause in Contracts

Effect of Default on Options. (a) Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any notice of Default and continuing until said Default is cured, (ii) during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), or (iii) during the time Lessee is in Breach of this Lease.

Appears in 3 contracts

Samples: ImmunityBio, Inc., Cue Health Inc., Cue Health Inc.

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Effect of Default on Options. (a) Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any notice of Default and continuing until said Default is cured, (ii) during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), or (iii) during the time Lessee is in Breach of this Lease, or (iv) in the event that Lessee has been given three (3) or more notices of separate Default, whether or not the Defaults are cured, during the twelve (12) month period immediately preceding the exercise of the Option.

Appears in 1 contract

Samples: Lease (Napster Inc)

Effect of Default on Options. (a) 36.3.1. Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any notice of Default and continuing until said Default is cured, (ii) during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), or (iii) during the time Lessee is in Breach of this Lease.

Appears in 1 contract

Samples: Lease Agreement (RxSight, Inc.)

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Effect of Default on Options. (a) Lessee shall have no right to exercise an Option: (i) Option during the period commencing with the giving of any notice Event of Default and continuing until said Default is cured, (ii) or during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), or (iii) during the time Lessee is in Breach of this Lease.

Appears in 1 contract

Samples: Industrial Lease (Leapfrog Enterprises Inc)

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