Common use of Effectiveness of this Lease Termination Agreement Clause in Contracts

Effectiveness of this Lease Termination Agreement. Landlord and Tenant hereby acknowledge and agree that, notwithstanding the full execution and delivery of this Agreement by Landlord and Tenant (which shall occur on or before February 1, 2015), this Agreement is expressly conditioned upon the full execution and delivery of a lease agreement (the “Third-Party Lease”) by Landlord and Tableau Software, Inc. (the terms and conditions of which Third-Party Lease shall be acceptable to Landlord in its sole and absolute discretion) with respect to such third-party tenant’s lease of the Premises following the “Termination Date,” as defined in Section 2 below (the “Condition Precedent”). Landlord shall have no liability whatsoever to Tenant relating to or arising from Landlord’s inability or failure to cause all or any portion of the Condition Precedent to be satisfied. The Lease shall remain unmodified and in full force and effect unless and until such time as the Condition Precedent is satisfied, provided that in the event the Condition Precedent is not satisfied on or before February 1, 2015, then this Agreement shall be null and void, and of no further force or effect.

Appears in 2 contracts

Samples: Lease Termination Agreement (Impinj Inc), Lease Termination Agreement (Impinj Inc)

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Effectiveness of this Lease Termination Agreement. Landlord and Tenant hereby acknowledge and agree that, notwithstanding the full execution and delivery of this Agreement by Landlord and Tenant (which shall occur on or before February 1, 2015)Tenant, this Agreement is expressly conditioned upon the full execution and delivery of a lease agreement (the "Third-Party Lease") by Landlord and Tableau SoftwareMedallia, Inc. Inc., a Delaware corporation (the "Third Party Tenant") (the terms and conditions of which Third-Party Lease shall be acceptable to Landlord in its sole and absolute discretion) with respect to such third-party tenant’s a lease of the Premises effective following the "Termination Date," as defined in Section 2 below 3 (the "Condition Precedent"). Landlord shall have no liability whatsoever to Tenant relating to or arising from Landlord’s inability or failure to cause all or any portion of the Condition Precedent to be satisfied. The Lease shall remain unmodified and in full force and effect unless and until such time as the Condition Precedent is satisfied, provided that satisfied or waived. Landlord shall notify Tenant in the event writing promptly once the Condition Precedent is not satisfied on or before February 1, 2015, then this Agreement shall be null and void, and of no further force or effecthas been satisfied.

Appears in 1 contract

Samples: Lease Termination Agreement (Healthequity, Inc.)

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Effectiveness of this Lease Termination Agreement. Landlord and Tenant hereby acknowledge and agree that, notwithstanding the full execution and delivery of this Agreement by Landlord and Tenant (which shall occur on or before February 1, 2015)Tenant, this Agreement is expressly conditioned (the "Condition Precedent") upon the full execution and delivery of a new lease agreement (the "Third-Party Lease") by between Landlord and Tableau Software, Inc. a third party (the "Third Party") for the Third Party’s lease of the Premises on or before October 31, 2021 (which date may be extended until November 30, 2021 upon written notice to Tenant by Landlord) (the “Condition Outside Date”). The terms and conditions of which the Third-Party Lease shall be acceptable to Landlord in its sole and absolute discretion. In the event the Condition Precedent is not satisfied on or before the Condition EXHIBIT 10.1 Outside Date (as the same may be extended) with respect to such third-party tenant’s lease then this Agreement shall automatically terminate and be of no further force or effect, and the Premises following the “Termination Date,” as defined Lease shall continue unmodified and in Section 2 below (the “Condition Precedent”)full force and effect. Landlord shall have no liability whatsoever to Tenant relating to or arising from Landlord’s inability or 's failure to cause all or any portion of the Condition Precedent to be satisfied. The Lease shall remain unmodified and in full force and effect unless and until such time as the Condition Precedent is satisfied, provided that in the event the Condition Precedent is not satisfied on or before February 1, 2015, then this Agreement shall be null and void, and of no further force or effect.

Appears in 1 contract

Samples: Lease Termination Agreement (Amn Healthcare Services Inc)

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