Common use of Failure to Exercise Clause in Contracts

Failure to Exercise. If Tenant shall fail validly and timely to exercise the Option herein granted, said Option shall terminate and shall be null and void and of no further force and effect.

Appears in 10 contracts

Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC), Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)

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Failure to Exercise. If Tenant shall fail validly and timely to exercise the Option option herein granted, said the Extension Option shall terminate and shall be null and void and of no further force and effect.

Appears in 7 contracts

Samples: Office Lease (Envivio Inc), Office Lease (Sunesis Pharmaceuticals Inc), Office Lease (Sunesis Pharmaceuticals Inc)

Failure to Exercise. If Tenant shall fail validly and timely to exercise the Option option herein granted, said Option option shall terminate and shall be null and void and of no further force and effect.

Appears in 3 contracts

Samples: Office Lease (Ask Jeeves Inc), Office Lease (Ask Jeeves Inc), Office Lease (Ask Jeeves Inc)

Failure to Exercise. If Tenant shall fail validly and timely to exercise any of the Option Options herein granted, said Option Options shall terminate and shall be null and void and of no further force and effect.

Appears in 2 contracts

Samples: Office Lease (Aduro Biotech, Inc.), Office Lease (Aduro Biotech, Inc.)

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Failure to Exercise. If Tenant shall fail validly and timely to exercise either of the Option options herein granted, said Option option shall terminate and shall be null and void and of no further force and effect.

Appears in 2 contracts

Samples: Office Lease (Aduro Biotech, Inc.), Office Lease (Aduro Biotech, Inc.)

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