Common use of Landlord’s Recapture Rights Clause in Contracts

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 7 contracts

Samples: Office Lease (Deja Foods Inc), Retail Lease (Nara Bancorp Inc), Office Lease (Kanbay International Inc)

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Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 3 contracts

Samples: Office Lease (Barfresh Food Group Inc.), Office Lease (Derycz Scientific Inc), Lease Agreement (RigNet, Inc.)

Landlord’s Recapture Rights. At any time within twenty ten (2010) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 2 contracts

Samples: Acceptance Letter     Office Lease (Treaty Oak Bancorp Inc), Acceptance Letter     Office Lease (Treaty Oak Bancorp Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety entirely or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if of the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-above described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Wilshire Bancorp Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting. In the event that Landlord fails to give its consent or deny its consent to any proposed assignment of this Lease or subletting of the Premises at the conclusion of said twenty (20) day period, then said consent shall be deemed given to any such assignment or subletting.

Appears in 1 contract

Samples: Office Lease (All American Pet Company, Inc.)

Landlord’s Recapture Rights. At any time within twenty (20) ---------------------------- business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting; provided, in the event the Landlord does not respond within such twenty (20) day period, Landlord will be deemed to have denied its consent.

Appears in 1 contract

Samples: Office Lease (Igate Capital Corp)

Landlord’s Recapture Rights. At any time within twenty (20) --------------------------- business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 14.2 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Internet Capital Group Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above15.2, Landlord may, at its option option, in its sole and absolute discretion, by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the this Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the this Lease in its entirety or as to the portion of the Premises subject to the proposed to be assigned or subletTransfer, with a proportionate adjustment in the Rent payable hereunder if the this Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentencethis Section 15.3, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or sublettingTransfer.

Appears in 1 contract

Samples: Office Lease (Clayton Holdings Inc)

Landlord’s Recapture Rights. At In the event that Tenant requests Landlord’s consent to sublease for the entire Premises only, at any time within twenty fifteen (2015) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assigneesublessee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premisesentirety. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty fifteen (2015) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Cherokee Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above15.2, Landlord may, at its option option, in its sole and absolute discretion, by written notice to Tenant, elect to: (ai) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (bii) take an assignment of the this Lease upon the same terms as those offered to the proposed assignee; or (ciii) terminate the this Lease in its entirety or as to the portion of the Premises subject to the proposed to be assigned or subletTransfer, as applicable, with a proportionate adjustment in the Rent payable hereunder if the this Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or sublettingTransfer.

Appears in 1 contract

Samples: Office Lease (Ultimate Software Group Inc)

Landlord’s Recapture Rights. At any time within twenty (20) prior to 20 business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 subparagraph 16(c) above, Landlord may, at its option by written notice to Tenant, elect to: (ai) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (bii) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (ciii) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) 20 business day periodperiod after Landlord’s receipt of all of the information and documents described in subparagraph 16(c), Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Lease Agreement (High Plains Gas, Inc.)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 14.2 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Daily Journal Corp)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: ; (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Deja Foods Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 Paragraph 12.2 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Option Agreement (Agritope Inc)

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Landlord’s Recapture Rights. At any time within twenty ten (2010) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Treaty Oak Bancorp Inc)

Landlord’s Recapture Rights. At Anything to the contrary in this Lease notwithstanding, at any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 10.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-above- described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Sri Surgical Express Inc

Landlord’s Recapture Rights. At any time within twenty fifteen (2015) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease (Chemconnect Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting. This provision does not apply to any transfer to Affiliates, as provided in Section 14.01.

Appears in 1 contract

Samples: Industrial Lease (Brightpoint Inc)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's Xxxxxxxx’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above13.2, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises Building or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises Building proposed to be assigned or sublet, as of the date of such proposed Transfer, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the PremisesBuilding. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.

Appears in 1 contract

Samples: Office Lease Agreement

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's ’s receipt of all (but not less than all) of the information and documents described in Section 14.02 above15.2, Landlord may, at its option option, in its sole and absolute discretion, by written notice to Tenant, elect to: (ai) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (bii) take an assignment of the this Lease upon the same terms as those offered to the proposed assignee; or (ciii) terminate the this Lease in its entirety or as to the portion of the Premises subject to the proposed to be assigned or subletTransfer, with a proportionate adjustment in the Rent payable hereunder if the this Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or sublettingTransfer.

Appears in 1 contract

Samples: Work Letter Agreement (MPG Office Trust, Inc.)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the ofthe information and documents described in Section 14.02 above15.2, Landlord may, at its option option, in its sole and absolute discretion, by written notice to Tenant, elect to: (ai) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (bii) take an assignment of the this Lease upon the same terms as those offered to the proposed assignee; or (ciii) terminate the this Lease in its entirety or as to the portion of the Premises subject to the proposed to be assigned or subletTransfer, with a proportionate adjustment in the Rent payable hereunder if the this Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.Transfer,

Appears in 1 contract

Samples: Office Lease (Fresh Healthy Vending International, Inc.)

Landlord’s Recapture Rights. At any time within twenty (20) business days after Landlord's receipt of all (but not less than all) of the information and documents described in Section 14.02 above, Landlord may, at its option by written notice to Tenant, elect to: (a) sublease the Premises or the portion thereof proposed to be sublet by Tenant upon the same terms as those offered to the proposed subtenant; (b) take an assignment of the Lease upon the same terms as those offered to the proposed assignee; or (c) terminate the Lease in its entirety or as to the portion of the Premises proposed to be assigned or sublet, with a proportionate adjustment in the Rent payable hereunder if the Lease is terminated as to less than all of the Premises. If Landlord does not exercise any of the options described in the preceding sentence, then, during the above-described twenty (20) business day period, Landlord shall either consent or deny its consent to the proposed assignment or subletting.*

Appears in 1 contract

Samples: Lease (Qep Co Inc)

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